Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Columbus, Ohio-based Worthington Industries has purchased General Tools & Instruments, a nearly 100-year old supplier of more than 1,200 focused metal tools, for $115mn.


With this acquisition, Worthington will be able to expand its consumer products offering in several categories along with broadening its growing customer base, delivery times, and end markets, the industrial manufacturing and steel processor indicated in a statement on Monday.


General Tools founded in 1922 is headquartered in Secaucus, New Jersey, with another site in Shanghai, China. The current management, that is accustomed to the global supply chain will continue operating the business. 


Worthington employs approximately 7,500 people, operating in 51 sites across 15 US states and seven countries, selling into more than 90 countries. 

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