Worthington Industries buys James Russell Engineering Works

Aug. 13, 2014

Worthington Industries Inc has acquired James Russell Engineering Works Inc (JRE), a manufacturer of aluminum and stainless steel cryogenic transport trailers used for hauling liquid oxygen, nitrogen, argon, hydrogen and liquefied natural gas (LNG) for top producers and distributors of industrial gases and LNG.

Andrew Billman, president of the Worthington Industries pressure cylinders business, said: “JRE is renowned for constructing some of the highest quality trailers in North America. Their capabilities complement the Aritas cryogenic business we recently purchased in Europe. With the addition of JRE’s transport trailers, we are now able to support our customers’ storage and transport needs in every part of the LNG and industrial gas ‘mobile pipeline,’ from the oilfield to onsite storage and regasification.”

James Russell Engineering Works is located in Boston MA and employs 32 people. Founded in 1874, the family-owned business has produced cryogenic transport trailers for more than 50 years. JRE is recognized as a pioneer in the development of manufacturing LNG and industrial gas trailers in the United States. The company also offers cryogenic trailer repair services.

Worthington Industries is a leading diversified metals manufacturing company with 2014 fiscal year sales of $3.1 billion. The Columbus OH-based company is a premier value-added steel processor and a leader in manufactured metal products, such as propane, oxygen, refrigerant, and industrial cylinders, compressed natural gas storage cylinders and exploration, recovery and production tanks for global energy markets; custom-engineered open and enclosed cabs and operator stations for heavy mobile equipment; laser welded blanks and steel pallets and racks. Worthington employs approximately 10,000 people and operates 80 facilities in 10 countries.