AAM Closes Sale Of US Iron Casting Operations
AAM received net cash proceeds of approximately $141.2 million from the sale, which are subject to customary post-closing adjustments, as well as a $60 million deferred payment obligation.
Q&A With Dan Schildge, CEO, CRP Industries
In this exclusive Q&A with Dan Schildge, CEO of CRP Industries, he brings us up to speed on the company’s strategy going forward, following its divestiture of the ContiTech aftermarket belt program. Schildge also talks about rebranding the AAE line and his vision for the company over the next few years.
PPG Reports 3rd Quarter 2019 Financial Results
PPG recently reported third quarter 2019 net sales of approximately $3.8 billion, comparable with the prior year.
EnPro Industries Announces Sale Of STEMCO Brake Business Located in Rome, Georgia
“Consistent with our strategy to shift the EnPro portfolio to markets and products to which we can add the most value for our customers, the sale of STEMCO’s business in Rome, Georgia, will sharpen our focus on business units in which we are better positioned for value creation,” said Marvin Riley, president and CEO.
Horizon Global Completes Sale Of Asia Pacific Business Segment
Horizon Global says it plans to use the net proceeds to significantly reduce its debt and allow for increased financial flexibility.
AAM Sells US Iron Casting Operations To Funds Managed By Gamut Capital Management
Across 10 manufacturing facilities, Grede develops, manufactures, assembles and supplies ductile, gray and specialty iron castings and machined components for automotive, commercial vehicle and industrial markets.
Genuine Parts Co. Announces Sale Of Electrical Specialties Group To Audax Private Equity
GPC says the sale represents the next step forward in its portfolio optimization strategy.
Magna Announces 2nd Quarter Sales Of $10.1B
Net income attributable to Magna International Inc. was $452 million for the second quarter of 2019 compared to $626 million in the second quarter of 2018.
Cooper Standard Reports 2nd Quarter Results
The company also announced a significant new Fortrex technology agreement.
Aptiv Reports 2nd Quarter 2019 Financial Results Ahead Of Expectations
The company indicates strong outgrowth and operating performance despite weak macros.
