From MEMA Industry News
ThyssenKrupp Budd Co., a leading supplier to the automotive industry, has announced the sale of its aluminum castings operations as part of a restructuring plan announced earlier this year.
ThyssenKrupp Stahl Co., a subsidiary which produces aluminum castings at foundries in Kingsville and Warrensburg, MO, has been sold to an equity-holding concern. The sale price was not disclosed. ThyssenKrupp Stahl employs 813 people.
“The sale of the aluminum castings operation is in line with restructuring plans ThyssenKrupp AG of Germany announced for its North American automotive segment,” the company said.
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