Worthington Industries (WOR) says that its Pressure Cylinders segment has completed its...

|About: Worthington Industries, Inc. (WOR)|By:, SA News Editor

Worthington Industries (WOR) says that its Pressure Cylinders segment has completed its acquisition of Palmer Mfg. & Tank, a manufacturer of steel and fiberglass tanks and processing equipment for the oil and gas industry, for $113.5M. Palmer manufactures both steel and fiberglass tanks and is strategically located to serve the Bakken formation in North Dakota, the Uinta and Denver-Julesburg basins, along with several of the shale formations in northern Texas.