Nitin Fire Protection Industries Ltd. (532854.BY) said Wednesday it will sell a majority stake in its cylinder manufacturing unit to U.S.-based Worthington Industries Inc. (WOR) for about $21 million.

Nitin Cylinders Ltd. operates a facility in India's Andhra Pradesh state with an installed capacity to make 500,000 cylinders a year, Nitin Fire said in a statement.

The maker of fire protection and safety equipment didn't give any other details.

-By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108; anirban.chowdhury@dowjones.com

 
 
Worthington Enterprises (NYSE:WOR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Worthington Enterprises Charts.
Worthington Enterprises (NYSE:WOR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Worthington Enterprises Charts.