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New Deal


Announced

Completed

Burgess Norton completed the acquisition of a stake in Tenneco's Powertrain business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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automotive

Domestic

Majority

Single Bidder

United States

Completed

Auto Parts

Private

Acquisition

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Synopsis

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Burgess Norton, a business unit of Amsted Industries, a global provider of precision bearing surface finishes, powder metallurgy technologies, completed the acquisition of a stake in Powertrain business of Tenneco, a global company in gasoline and diesel engine piston technologies. Financial terms were not disclosed. "Tenneco is strategically focusing their powertrain technology solutions business for growth and superior pistons are a key component of that, and Burgess Norton is targeting opportunities to expand our capacity and our global precision power transfer technologies," Luke Rubino, Burgess Norton President.

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