Jan. 21, 2015
Worthington Acquires Rome Strip Steel
Worthington Industries, Inc., Columbus, Ohio, has acquired Rome Strip Steel Co. Rome manufactures cold-rolled strip steel to extremely tight tolerances, primarily for the automotive industry.
"Rome is one of the best in the industry with a culture similar to Worthington," says Geoff Gilmore, president of Worthington Industries Steel Processing. "The addition of Rome will expand our ability to process close-tolerance material with custom-surface finishes and increase our overall production capacity. This acquisition supports our strategy to focus our growth on high-value-added products."
Rome Strip Steel is located in Rome, N.Y., with a warehouse facility in Walhalla, S.C. In business since 1926, Rome's capabilities include rolling, annealing and slitting a wide range of cold-rolled alloy, high carbon, low carbon close-tolerance strip steels and various grades of high- and low-strength alloy steels.
The addition of Rome will expand Worthington's cold-rolled strip steel production capacity to three facilities including Columbus and Cleveland. Rome's 2013 sales were approximately $70 million.