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Art's-Way Manufacturing Co. Inc. Message Board

  • dkwilk dkwilk Mar 28, 2014 8:47 PM Flag

    Steffes sells oil tank division

    Steffes corp. is located on hwy 22 south edge of Dickinson ND.. don

    Copy from todays Dickinson press

    Steffes Corp. has announced the sale of its oil tank division in Dickinson to an Ohio company, according to a release sent out Friday afternoon.

    The sale was made to Worthington Industries, a leading diversified metal processing company with annual sales of approximately $2.6 billion headquartered in Columbus, Ohio. Worthington operates 83 facilities in 12 countries, according to the release.

    The terms of the deal were not disclosed.

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    • ARTW cannot compete with Worthington Industries: operate Union & non-union plants. At this time ARTW needs manufacture and place farm equipment in Canada. ARTW has its hands full with expansion in Canada and tool division. Universal Harvester needs more dealer accounts to replace OEM. "Scientific," has much going with Pharmaceutical companies & Pig Virus. As far as Vessels I get point, but is the competitive low profit oil industry competing with Steel Industry place to be? ARTW would need larger line. This appears be better expected year for farm machinery co's.

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