Ampco-Pittsburgh Corporation to Acquire Åkers AB

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Go back to Ampco-Pittsburgh Corporation to Acquire Åkers AB

Ampco-Pittsburgh (AP) to Acquire Åkers AB; Will Pay Base Purchase Price of $80M

December 2, 2015 5:13 PM EST

Ampco-Pittsburgh (NYSE: AP) announced that it has entered into a definitive agreement to acquire Ã…kers AB and certain of its affiliated companies (excluding Ã…kers ABs operations in France and Belgium) from Altor Fund II GP Limited. The acquisition is expected to approximately double the sales of Union Electric Steel Corporation, a wholly owned operating subsidiary of Ampco and a leading producer of forged and cast engineered products for the worldwide steel and aluminum industries. The... More