Adient Sells Recaro Automotive Seating Unit
Recaro develops, produces and markets premium vehicle seats for OEMs and the aftermarket in Europe, the U.S. and Japan.
LKQ Agrees to Sell 2 Czech Distributors
LKQ expects to complete the sale in early 2020, subject to required regulatory approvals.
Metalsa Sells Its Structural Components For Passenger Cars Division To Martinrea International
The Structural Components for Passenger Cars operations include six production facilities in Germany, the United States, Mexico, South Africa and China.
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.
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.
BorgWarner Selling Thermostat Business To Arlington Industries Group
BorgWarner says the divestiture is consistent with its focus on propulsion technologies.
Tower Plans To Sell Its European Operations
Tower’s European Operations include manufacturing facilities in Belgium, Czech Republic, Germany, Italy, Poland and Slovakia, with offices in Germany and Italy.
Magna Divests Its Global Fluid Pressure And Controls Business
The sale price is approximately $1.23 billion, before the assumption of net debt and pension liabilities at closing, and subject to customary closing adjustments for net working capital.
Myers Industries Completes Divestiture Of Brazilian Operations
Myers said this transaction has occurred after investing a considerable amount of effort evaluating strategic alternatives for its Brazil business.
