Worthington Acquires German Valve Manufacturer
By Metal Center News Staff
on Jan 10, 2021
Worthington Industries Inc., Columbus, Ohio, has acquired PTEC Pressure Technology GmbH, an independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas storage, transport and onboard fueling systems, based in Germany.
Worthington is adding products that are adjacent to its core pressure cylinders business, providing more comprehensive systems for the storage, transport and use of alternative fuels like hydrogen and CNG, the company claims. The company’s strategy is to be a leading solutions provider in the rapidly growing hydrogen economy, particularly in Europe where strict, mandated emissions reductions are accelerating growth.