Worthington Industries Announces Cold Chain Equipment Name Change
COLUMBUS, OH--(Marketwired - Dec 21, 2016) - Worthington Industries (NYSE: WOR) announced today it is changing the brand name of its cold chain storage and transportation products from CryoScience by Taylor-Wharton to Worthington Industries. The product line includes cryogenic refrigerators, freezers, dewars, shippers, accessories and replacement parts for the life sciences, health care and artificial insemination/animal husbandry markets. The brand name change will be effective Jan. 1, 2017.
The company purchased the global assets of CryoScience by Taylor-Wharton, including the manufacturing facility in Theodore, Ala., in Dec. 2015.
For more information, visit WorthingtonIndustries.com/LifeSciences.
About Worthington Industries
Worthington Industries is a leading global diversified metals manufacturing company with 2016 fiscal year sales of $2.8 billion. Headquartered in Columbus, Ohio, Worthington is North America's premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture; a global leader in manufacturing pressure cylinders for industrial gas and cryogenic applications, CNG and LNG storage, Cryogenic transportation and storage and alternative fuel tanks, oil and gas equipment, and consumer products for camping, grilling, hand torch solutions and helium balloon kits; and a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington employs approximately 10,000 people and operates 79 facilities in 11 countries.
Safe Harbor Statement
The Company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the "Act"). Statements by the Company relating to its ability to increase market participation, expand and integrate capacity, increase efficiencies and reduce lead time, achieve growth in general and in specific markets, and other statements which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks described from time to time in the Company's filings with the Securities and Exchange Commission.
