Worthington Acquires BernzOmatic From Newell Rubbermaid

Worthington Industries Inc WOR purchased BernzOmatic from Irwin Industrial Tool Company, a subsidiary of Newell Rubbermaid Inc NWL. The terms of the transaction were not disclosed. The transaction was financed with the company's revolving credit facility. “This acquisition accelerates our growth in the hand torch business with an established retail brand and gives us access to additional international distribution channels,” said Worthington Industries Chairman and CEO John McConnell. WOR shares closed at $23.37 on Friday, while NWL shares closed at $16.13 on Friday. Read more from Benzinga's Company news.