Select tank manufacturing operations and assets of Westerman, Inc. a subsidiary of Worthington Industries have been acquired by Palmer Mfg. & Tank, Inc.
Copper Run advised Worthington Industries’ (NYSE: WOR) – a leading diversified metal manufacturer with a focus on the Golden Rule, valued employees, stability and innovation. The operations were a part of Worthington’s subsidiary, Westerman, Inc. Westerman is one of the leading steel and fiberglass large tank manufacturers serving the oil and gas and agriculture markets.
Palmer Mfg. & Tank, Inc. is a manufacturer of steel and fiberglass tanks and processing equipment for the oil and gas industry.
“This transaction further demonstrates Copper Run’s expertise in the manufacturing and oil and gas space,” said Andy Hays, president of Copper Run. “It was a pleasure working with Worthington and Palmer and we believe this was a true win-win for both parties.”