Thursday, April 11, 2013
A Garden City company has been acquired by an international diversified metals company.
Worthington Industries announced Thursday that it had acquired Palmer Manufacturing, which employs about 200 people in Garden City. The financial details were not disclosed.
The Garden City Telegram reports Palmer Manufacturing makes equipment for the oil and gas industry, as well as custom manufactured fiberglass tanks for agricultural, chemical and general industrial applications.
Palmer Manufacturing owner Cecil O'Brate says the Garden City plant will continue to be used and none of its employees will lose their jobs. He says Worthington plans to double the plant's productivity and add employees.
Worthington said in a news release that the acquisition fits the company's structure to expand in the oil and gas industry and broaden its energy product offerings.