Steel Mills
January 7, 2020
Worthington Acquires Majority Ownership of Samuel Steel Pickling
Written by Sandy Williams
Worthington Industries has acquired majority ownership of Samuel Steel Pickling Co., which it has held in a joint venture with Samuel, Son & Co. since 2010. Worthington will hold a 63 percent share of the venture and Samuel 37 percent.
Worthington’s recently acquired Heidtman Cleveland facility and Samuel Steel Pickling will be combined, forming Worthington Samuel Coil Processing, LLC. The joint venture’s earnings will be consolidated into Worthington’s Steel Processing business unit.
