SOUTHFIELD, Mich., Sept. 2, 2016 /PRNewswire/ -- Metaldyne
Performance Group Inc. (NYSE: MPG), a leading provider of highly
engineered components for use in powertrain and suspension
applications for the global light, commercial and industrial
vehicle markets, has announced the strategic acquisition of
Brillion Iron Works, a business unit of Accuride Corporation (NYSE:
ACW), effective September 2,
2016.
The acquisition of Brillion,
Wis.-based Brillion Iron Works, which specializes in the
casting design and production of gray, ductile and austempered
ductile iron products, complements MPG's existing casting business
and capacity. MPG manufactures gray and ductile iron castings and
machines iron, aluminum and steel components for the transportation
and industrial markets.
"MPG has completed 10 acquisitions over the past decade and we
have successfully integrated all of them," said George Thanopoulos, Chief Executive Officer of
MPG. "Our customers are very supportive of this bolt-on transaction
given our successful history of acquisitions and the current
depressed state of the Industrial and Heavy Truck markets."
About MPG
MPG is a leading provider of highly engineered lightweight
components for use in powertrain and suspension applications for
the global light, commercial and industrial vehicle markets. MPG
produces these precision components and modules using complex
metal-forming manufacturing technologies and processes for a global
customer base of vehicle OEMs and Tier I suppliers. MPG's
metal-forming manufacturing technologies and processes include
aluminum die casting, forging, iron casting and powder metal
forming as well as advanced machining and assembly. Headquartered
in Southfield, Michigan, MPG has a
global footprint spanning more than 60 locations in 13 countries
across North and South America,
Europe and Asia with approximately 12,000
employees. For more information,
visit www.mpgdriven.com.
Contact Information:
Media
Erin Millerschin
The Millerschin Group
(248) 276-1970 (office)
(248) 701-5828 (cell)
emillerschin@millerschingroup.com
Investors
David Gann
MPG
Vice President, Investor Relations & Communications
(248) 727-1841
dgann@mpgdriven.com
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SOURCE Metaldyne Performance Group Inc.