Announced
Financials
Sources
Tags
automobile parts
Private
Acquisition
forging
Pending
Auto Parts
Friendly
United Kingdom
Single Bidder
Synopsis
Aero Forgings Bidco, a manufacturer and forger of specialty parts for the aerospace industry acquires UK-based forging business of Arconica, a specialty automobile parts and equipment manufacturer for $62m. The sales illustrate Arconic’s plan to divest its non-core businesses as it approaches a company split. The company intends to close the transaction by the fourth quarter of 2019.
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