---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-065902"
form_type: "8-K"
ticker: "WOR"
cik: "0000108516"
company_name: "WORTHINGTON ENTERPRISES, INC."
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:35:36.953171+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Worthington to acquire Hexagon Ragasco for ~$98M; forms JV with Hexagon Composites for SES segment

## Summary
- Acquisition of Hexagon Ragasco for ~$98M (plus earnout up to $9M or down to $5M); expected close June 3, 2024.
- Ragasco had adjusted 2023 sales of ~$64M and EBITDA of $12.7M; ~130 employees in Norway.
- Joint venture: Hexagon acquires 49% of Worthington's SES segment for ~$10M; Worthington holds 49%, management 2%.
- One-time pre-tax loss estimated over $50M from JV formation; SES employs ~500 in Europe.
- Transactions expand Worthington's cylinder manufacturing and clean energy positioning globally.

## SEC filing metadata
- accession: 0000950170-24-065902
- form_type: 8-K
- ticker: WOR
- cik: 0000108516
- company_name: WORTHINGTON ENTERPRISES, INC.
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108516/000095017024065902/0000950170-24-065902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108516/000095017024065902/wor-20240529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-065902
- JSON: https://secwatch.observer/filing/0000950170-24-065902.json
- Plain text: https://secwatch.observer/filing/0000950170-24-065902.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.