MPG completes strategic acquisition of Brillion Iron Works

Resource from: MPG Likes:259

Sep 06,2016

Metaldyne Performance Group Inc. (NYSE: MPG), a leading provider of highly engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, has announced the strategic acquisition of Brillion Iron Works, a business unit of Accuride Corporation (NYSE: ACW), effective September 2, 2016. The acquisition of Brillion, Wis.-based Brillion Iron Works, which specializes in the casting design and production of gray, ductile and austempered ductile iron products, complements MPG’s existing casting business and capacity. MPG manufactures gray and ductile iron castings and machines iron, aluminum and steel components for the transportation and industrial markets. “MPG has completed 10 acquisitions over the past decade and we have successfully integrated all of them,” said George Thanopoulos, Chief Executive Officer of MPG. “Our customers are very supportive of this bolt-on transaction given our successful history of acquisitions and the current depressed state of the Industrial and Heavy Truck markets.”

(MPG)

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