05:27 AM EDT, 06/20/2025 (MT Newswires) -- Worthington Enterprises ( WOR ) said Thursday that it acquired Elgen Manufacturing, a manufacturer of HVAC parts, ductwork, and structural framing for commercial buildings, for about $93 million.

The company said the deal was funded with cash on hand.

"Elgen's manufacturing processes, go-to-market strategies, and end markets mirror ours, creating meaningful opportunities for synergies and growth," said Joe Hayek, chief executive officer of Worthington Enterprises ( WOR ).

Elgen generated net sales of $114.9 million and earnings before interest, depreciation, and amortization of $13.3 million for the trailing 12 months ended April 30, according to Worthington.