To: All ClarkWestern and Dietrich customers
From: Bill Courtney, CEO
I am pleased to make an exciting announcement to our customers and the industry at large: ClarkWestern Building Systems and Dietrich Metal Framing have joined to become ClarkDietrich™ Building Systems.
February 22, 2011 - New York, NY — Marubeni-Itochu Steel America Inc. (MISA) and Worthington Industries, Inc. (NYSE: WOR) announced today that they have reached an agreement in principle to combine ClarkWestern Building Systems and Dietrich Metal Framing in a newly-formed joint venture. In the transaction, MISA will acquire a 75 percent interest of the joint venture, and Worthington will acquire a 25 percent interest. As part of the exchange, Worthington will also acquire the assets of the non-automotive service center business of MISA Metals, Inc.