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MISA, Worthington Industries reach agreement

April 2011 - Marubeni-Itochu Steel America Inc., New York, and Worthington Industries Inc., Columbus, Ohio, have reached an agreement to combine ClarkWestern Building Systems and Dietrich Metal Framing in a joint venture. MISA will acquire a 75 percent interest of the joint venture, and Worthington will acquire a 25 percent interest. Worthington also will acquire the assets of the non-automotive service center business of MISA Metals Inc. "We are making two businesses stronger by combining them in a joint venture," John McConnell, chairman and CEO of Worthington Industries, said in a press release.
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