Updated at 4:48 p.m.
WEST WARWICK – Amtrol Inc. was acquired by Worthington Industries Inc., a Columbus, Ohio-based metals manufacturing company for approximately $283 million, Worthington announced Friday.
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West Warwick-based-Amtrol manufacturers pressure cylinders and water system tanks.
“Amtrol is a great addition to our company, and I am pleased to welcome Amtrol employees,” said John McConnell, Chairman and CEO of Worthington Industries in a press release. “This acquisition aligns well with our core competencies in pressure cylinders and expands our product offerings to our wholesale and retail customers. … Amtrol will also expand and enhance our growing culture of innovation and the development of new products.”
Amtrol reported $248 million in sales in 2016. According to to PBN’s 2017 Book of Lists, Amtrol employs about 415 full-time workers in Rhode Island.
A representative from Worthington Industries said the company has no immediate plans to alter employment at Amtrol. They did not, however, that they expect to transition some leadership in the company.
Chris Bergenheim is the PBN web editor.
