Assembly Outfit to ‘Enhance the Value of our Supply Chain Offering,’
Giving SCI/Worthington Type IIIs an Outlet in Heavy Duty Trucking
Worthington Industries has closed on its majority acquisition of dHybrid Systems, a Utah-based supplier of compressed natural gas fuel cylinder assemblies. Worthington will own 80% of the equity, “with the founder retaining 20% and continuing in a leadership role,” Worthington states in the acquisition announcement. updated October 21
“The acquisition of dHybrid gives us the opportunity to increase our participation in the fast growing CNG fuel market and enhance the value of our supply chain offering,” Worthington Industries pressure cylinders president Andrew Billman said in a release.
Worthington is a world-scale manufacturer of CNG cylinders with an emphasis for the North American market on Type III carbon fiber-on-aluminum cylinders manufactured in Pomona, Calif.
Entrée into Class 8 Trucks
“We’re anxious to participate in the Class 8 truck market,” says Worthington product group manager John Coursen. Much of that sector is going to all-composite Type IV tanks, he told F&F, and Worthington wants an outlet for its own new large-diameter Type IIIs.
Worthington has introduced a 25-by-80-inch Type III tank and will bring 26-inch diameter cylinders in lengths of 80, 90 and 100 inches to market by the first of the New Year (F&F, May 2).
“We expect the combination of dHydrid’s innovative system designs and Worthington’s commercial and manufacturing capabilities to help drive significant growth,” Billman said. “We are also analyzing the expansion of our composite cylinder manufacturing capacity, including the potential to integrate this new capacity within the fuel systems operation.”
dHybrid Recently Expanded
“We expect this approach to increase operational efficiencies and reduce customer lead times,” he said.
Worthington notes that dHybrid Systems has a recently completed 50,000-square-foot facility in Salt Lake City (F&F, September 9) with 28 employees.
dHybrid’s designs allow for faster fill receptacles with synchronized filling and lower weight per gallon systems, Worthington says: “The systems are known for their symmetrical design and the commonality of components, making installation quicker and replacement parts more interchangeable. The configurations include back of cab, top of body, side rail, combo, canopy-on top of the vehicle and bus systems.”
Not the First Worthington Buy
Worthington Industries acquired Poland’s Stako, which manufactures CNG tanks and fuel tanks for propane in late 2011, and prior to that took a majority stake in India’s Nitin. The firm acquired Structural Composites Industries and SCI’s Type III capabilities in late 2009.
This year Worthington took a 75% stake in Turkey’s Aritas, bolstering its presence in the growing market for LNG/liquefied natural gas in high horsepower applications (HHP Insight, September 24).
Worthington is a $3.1 billion company employing approximately 10,000 people at 81 facilities in ten countries.
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Source: Worthington Industries with Fleets & Fuels follow-up