Worthington buys BernzOmatic
Worthington Industries, Inc, announced its acquisition of BernzOmatic, a manufacturer and marketer of hand-held torches, solder, and related items, from Irwin Industrial Tool Company. Specifically, the acquisition was made by the Pressure Cylinders segment of Worthington Industries. BernzOmatic manufactures from locations in Medina, N.Y., and Winston-Salem, N.C.
The purchase is expected to benefit Worthington by expanding the company’s range of products, as well as contributing to the already established hand-held torch cylinder business of Worthington Cylinders. Additionally, the purchase of BernzOmatic will offer Worthington access to international markets and to the plumbing wholesale channel. Worthington Industries also expects to benefit from BernzOmatic’s strong brand recognition.
John McConnell, chairman and CEO of Worthington Industries, said, "This acquisition accelerates our growth in the hand torch business with an established retail brand and gives us access to additional international distribution channels.”
“We can now offer customers the benefit and opportunity to purchase Worthington’s hand torch cylinder and the BernzOmatic hand torch and accessories from the same manufacturer,” said Harry Goussetis, president of Worthington Cylinders. “In addition to its strong brand, BernzOmatic has a history of product innovation. We anticipate enhancing that legacy with our manufacturing capabilities and expertise to grow existing and new product categories.”
-- Allison Har-Zvi