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Worthington Steel is a publicly traded (NYSE:WS) steel processing company headquartered in Columbus, Ohio.Worthington Steel is an independent, intermediate processor of carbon flat-rolled steel in the United States, purchasing steel from integrated steel mills and mini-mills and custom processing it in areas such as type, length, width, thickness, shape and surface quality. [1]
Worthington Industries was founded in 1955 by John H. McConnell, a steel salesman. McConnell saw an opportunity for custom-processed steel and purchased his first load of steel by borrowing $600 against his 1952 Oldsmobile. He founded the company in Columbus, Ohio, where it is still headquartered.
Company/Organization Sector Local Full-time Employment Ohio State University* Education: 29,685 The State of Ohio* Government: 22,030 JPMorgan Chase: Financial Activities: 16,975 OhioHealth* Health Care: 16,000 Nationwide* Financial Activities: 11,235 United States Government: Government: 10,800 City of Columbus* Government: 8,653 Columbus ...
Worthington's (WOR) buyout of a majority stake in JV, Samuel Steel Pickling, and subsequent integration of Heidtman Steel's Cleveland facility to the venture will likely enhance growth opportunities.
Worthington sold Buckeye Steel in 1999, but it went bankrupt in 2002. The former president of Worthington, Donald Malenick, formed an investment group to purchase the assets of Buckeye, and has reopened the business as Columbus Steel Castings. Columbus Steel Castings closed in bankruptcy in 2016. [1]
John Henderson McConnell (May 10, 1923 – April 25, 2008) was the founder of Worthington Industries, which manufactures processed steel products, pressure cylinders, and metal framing. He was the founder, majority owner, chairman, and governor of the Columbus Blue Jackets NHL team.
He was appointed vice president and general manager of the company's largest steel facility in Columbus, Ohio in 1985. A member of Worthington's board of directors since 1990, McConnell became vice chairman in 1992 and was named chief executive officer in March 1993. In September 1996 he was named chairman of the board.
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