Worthington acquires CNG fuel systems manufacturer

October 22, 2014 By    

Worthington Industries Inc. acquired a majority interest in dHybrid Systems, a manufacturer of compressed natural gas (CNG) fuel systems. According to a press release, Worthington will own 80 percent of the company’s equity, with dHybrid’s founder retaining 20 percent and continuing in a leadership role.

“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,” says Andrew Billman, president of Worthington Industries’ pressure cylinders business, in a press release.

dHybrid Systems is based in Salt Lake City and operates in a recently completed 50,000-square-foot facility with 28 employees. The main markets for the fuel systems are refuse and heavy-duty trucks.

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