Slice of Manufacturing Team
06/23/2025
Key highlights
Source: Globe Newswire
Notable Quotes
“ The addition of Elgen aligns closely with our strategy to build and acquire businesses with leadership positions in niche markets. ”
Joe Hayek, President and CEO at Worthington Enterprises
“ Elgen’s HVAC componentry and recurring revenue through maintenance, repair and remodel are a natural fit with our products for the building envelope. ”
Jimmy Bowes, President, Building Products at Worthington Enterprises
“ This is a milestone in our rich history and one that we believe accelerates our ability to serve our customers and retain and attract a top workforce. ”
David Young, CEO at Elgen Manufacturing
Why This Matters
This acquisition marks a strategic expansion for Worthington Enterprises into the HVAC market, particularly the high-demand segments of maintenance, repair, and remodel in commercial construction. By integrating Elgen’s product expertise, customer relationships, and operational strengths, Worthington solidifies its leadership in building systems and enhances long-term growth through recurring revenue opportunities.
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