11:29 AM EDT, 06/03/2025 (MT Newswires) -- Worthington Steel ( WS ) said Tuesday it has completed the acquisition of a controlling stake in Italy-based Sitem Group via its Tempel Steel unit.

Worthington said it now has a stake of about 52% in Sitem, which produces electric motor laminations, with an option to increase ownership.

The deal included a combination of cash, the acquisition of shares from shareholders, and the contribution of Worthington's facility in Nagold, Germany, Worthington said.

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