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WOR > SEC Filings for WOR > Form 8-K on 13-Nov-2013All Recent SEC Filings




Other Events, Financial Statements and Exhibits

Item 8.01 Other Events

On November 12, 2013, the Pressure Cylinders Segment ("Worthington Cylinders") of Worthington Industries, Inc. ( the "Company") entered into an Agreement to sell the operating assets related to its small and medium high pressure industrial gas and acetylene cylinders in North America. Most of these assets are located in Worthington's Tilbury, Ontario facility, which will cease operations in a few months.

The Company does not expect the net effect from the sale of the assets and the closure of the Tilbury facility to have a material impact on its financial position or results of operations.

Worthington Cylinders will continue to serve the global industrial gas segment with steel, high pressure and acetylene cylinders manufactured in its Austrian facility, aluminum high pressure tanks manufactured in Mississippi and its new liquid cryogenics cylinder line to be manufactured in Ohio, which will launch early in 2014.

Item 9.01 Financial Statements and Exhibits.

(a) - (c) Not applicable.

(d) Exhibits: None

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