Ampco-Pittsburgh Corporation to Acquire Åkers AB
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Ampco-Pittsburgh (AP) to Acquire Åkers AB; Will Pay Base Purchase Price of $80M
December 2, 2015 5:13 PM ESTAmpco-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
