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U. S. Steel, Worthington Complete Deal to Expand Joint Venture
10/02/2008 - United States Steel and Worthington Industries complete their plan to expand and modify their Worthington Specialty Processing joint venture.
United States Steel Corp. and Worthington Industries, Inc. have completed the previously announced plan to expand and modify their current Worthington Specialty Processing joint venture.
Under terms of the deal, which was announced late last month, U. S. Steel will contribute its ProCoil steel processing subsidiary to the joint venture, and Worthington will contribute its Worthington Steel Taylor steel processing subsidiary.
Also under the announced deal, Worthington’s ownership will increase to 51%, with Worthington continuing to serve as the managing partner.
Also under the announced deal, Worthington’s ownership will increase to 51%, with Worthington continuing to serve as the managing partner.
