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Worthington Enterprises Acquires Elgen Manufacturing; Expands Building Systems and Components Portfolio

created: June 19, 2025, 5 p.m. | updated: June 20, 2025, 7:03 p.m.

COLUMBUS, Ohio, June 19, 2025 (GLOBE NEWSWIRE) -- Worthington Enterprises (NYSE: WOR), a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences, today announced its acquisition of Elgen Manufacturing (Elgen) of Closter, New Jersey. Jimmy Bowes, president, Building Products, Worthington Enterprises, added, “Elgen’s HVAC componentry and recurring revenue through maintenance, repair and remodel are a natural fit with our products for the building envelope. Worthington Enterprises acquired Elgen Manufacturing for approximately $93 million funded with cash on hand. Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe. Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal.

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