Worthington Industries Acquires Shiloh''s U.S. BlankLight® Business COLUMBUS, Ohio, June 08, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR ) today announced the acquisition of certain assets of Shiloh Industries'' U.S. BlankLight ® business, a leading provider of laser welded solutions that deliver material savings, weight and cost reductions and increased fuel efficiency to the mobility market. The acquisition expands the capacity and capabilities of Worthington''s laser welded products joint venture, TWB Company, LLC, with the addition of three facilities and adds a blanking facility to its Steel Processing business. "The demand for tailor welded blanks and lightweighting technology is growing and the acquisition of these Shiloh assets allows us to support that growth while adding new capabilities," said Worthington Industries Executive Vice President and COO Geoff Gilmore. "Shiloh''s BlankLight expertise in curvilinear and aluminum welded blanks adds to TWB''s wide range of tailor welded products, creating more value and innovation for our customers." Gilmore added, "It also broadens our relationships with key automotive customers and expands the geographic reach of our Steel Processing business through an additional blanking operation." The transaction adds approximately 200 employees and four facilities located in Bowling Green, Ky., Canton, Mich. and two in Valley City, Ohio.