Worthington Enterprises Acquires HALO Products Brand

Core Insights - Worthington Enterprises, Inc. is expanding its outdoor living product portfolio by adding HALO™-branded pizza ovens, pellet grills, griddles, and accessories to meet consumer demand for high-quality outdoor cooking experiences [1][2] - The acquisition of an 80 percent ownership stake in HALO Products Group is expected to enhance Worthington's presence in the outdoor living segment, leveraging its e-commerce platform and marketing infrastructure [2][4] - HALO Products Group generated net revenue of $7 million in 2023 and is recognized for its innovative, technology-enabled solutions that cater to modern cooking trends [4] Company Overview - Worthington Enterprises operates in three business segments: Building Products, Consumer Products, and Sustainable Energy Solutions, focusing on innovation and transformation [5] - The company employs approximately 5,000 people across North America and Europe and has a history dating back to 1955 [6] - Worthington's brands include Balloon Time®, Bernzomatic®, Coleman®, and HALO™, among others, serving various consumer needs [5][6] Strategic Vision - The leadership of HALO Products Group believes that joining Worthington will accelerate the growth of the HALO brand through enhanced market relationships and a people-first culture [3] - HALO's product offerings are designed for portability and connectivity, allowing users to control cooking functions via mobile applications [3]