PMG completed the acquisition of Yangzhou Leader Powder Metallurgy for $27m.

Powder Metal Goldschmidt, a supplier to the automotive industry, completed the acquisition of Yangzhou Leader Powder Metallurgy, a manufacturer of powder metallurgy products, for $27m. "Logical continuation of the new market strategy. With the acquisition of LEADER, we are systematically continuing our strategic realignment," Marius Gutes, PMG CEO.