Worthington Industries Acquires James Russell Engineering Works

Worthington Industries, Inc. (NYSE: WOR) has acquired James Russell Engineering Works, Inc. (JRE). JRE manufactures aluminum and stainless steel cryogenic transport trailers used for hauling liquid oxygen, nitrogen, argon, hydrogen and liquefied natural gas (LNG) for top producers and distributors of industrial gases and LNG. 

Andrew Billman, president of the Worthington Industries pressure cylinders business, said, “JRE is renowned for constructing some of the highest quality trailers in North America. Their capabilities complement the Aritas cryogenic business we recently purchased in Europe. With the addition of JRE’s transport trailers, we are now able to support our customers’ storage and transport needs in every part of the LNG and industrial gas ‘mobile pipeline,’ from the oilfield to onsite storage and regasification.”