TWB Company, LLC acquired certain assets of U.S. BlankLight® business of Shiloh Industries, Inc. for approximately $110 million on June 8, 2021. The transaction funded with existing cash on balance sheet. The purchase price is subject to closing adjustments. The transaction adds approximately 200 employees and four facilities located in Bowling Green, Ky., Canton, Mich. and two in Valley City, Ohio. TWB will operate the laser welded blank facilities in Ohio and Michigan. The Kentucky facility will operate under Worthington’s Steel Processing business, expanding the blanking services currently provided from its Monroe, Ohio and Porter, Ind. facilities. In calendar year 2020, the acquired assets generated net revenue of $170.5 million and adjusted EBITDA of $20.5 million. TWB Company, LLC completed the acquisition of certain assets of U.S. BlankLight® business of Shiloh Industries, Inc. on June 8, 2021. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Shiloh Industries, Inc. in the transaction.