Worthington Industries Acquires STAKO

Worthington Industries Inc. says its pressure cylinders business unit has purchased the assets of STAKO, a European producer of automotive liquefied propane gas (LPG) tanks.

STAKO manufactures toroidal and cylindrical LPG tanks for storage of liquid gas propane-butane mixture for engines in passenger cars and commercial and delivery vehicles. The company has also initiated production of compressed natural gas (CNG) composite and steel tanks used mainly for storage of compressed methane used to fuel automotive vehicles and buses.

‘This acquisition expands our alternative fuels product offering and gives us the broadest offering of alternative fuel tanks for the automotive OEM and aftermarkets,’ says Worthington Industries Chairman and CEO John McConnell.

LEAVE A REPLY

Please enter your comment!
Please enter your name here