Worthington Enterprises (NYSE:WOR) has completed the acquisition of Logansport, Indiana-based LSI Group, a strategic move aimed at capturing a larger share of the commercial construction and retrofit markets.
The deal, valued at approximately $205 million, brings a suite of specialized metal roofing brands into Worthington’s Building Products segment.
The transaction, which closed Jan. 16, includes LSI’s primary business units: BPD, Logan Stampings, LSI Metal Fabrication, and the Roof Hugger brand.
LSI is recognized as a dominant domestic manufacturer of standing-seam metal roof clips and components used for both new commercial construction and high-efficiency roof retrofitting.
For Columbus, Ohio-based Worthington, the acquisition is a clear play to deepen its "building envelope" strategy—a focus on the essential components that separate a building’s interior from the external environment.
By adding LSI's niche engineering capabilities, Worthington is positioning itself to benefit from growing demand for resilient, energy-efficient roofing systems driven by aging infrastructure and evolving building codes.
Worthington Chief Executive Officer Joe Hayek noted that the integration of the LSI team and its manufacturing assets represents a significant step in the company’s broader growth trajectory.
The company, which spun off its steel processing business in late 2023, has been aggressively deploying capital into higher-margin, specialized building and consumer products.
LSI Group’s leadership is expected to remain in place as the company integrates into Worthington’s existing operations.