YOUR BUSINESS AUTHORITY

Springfield, MO

Home
Digital Edition
Events
Industries
Opinion
Podcasts
Photo Galleries
News Features
Sponsored Content

Log in Subscribe

American Axle to buy Metaldyne for $1.6B

Posted online November 3, 2016 | 11:32 am

American Axle & Manufacturing Holdings Inc. announced today it signed a deal to buy fellow vehicle components maker Metaldyne Performance Group Inc.

The cash-and-stock deal is valued at $1.6 billion.

"MPG's expertise in complex, highly engineered powertrain components and its global footprint will be tremendous assets to AAM," said American Axle CEO David Dauch.

Read more from MarketWatch Pulse.

Comments

No comments on this story |

Please log in to add your comment

More from SBJ Daily Update

Community Focus Report released today

Editors' Pick

Open for Business: MD Hyperbaric

A provider of hyperbaric oxygen therapy opened its first Missouri location on Aug. 12 at 1316 E. Republic Road.

Most Read

Banker pleads guilty to fraud scheme

Fall 2026 Architects & Engineers Project Report

Republic School District opens activities center

Buc-ee’s looks to open first Oklahoma location

Longtime employee sues Ozarks Tech, alleges retaliation

Visit Springfield launches sixth season of Ozarks Coffee Trail

Cavender’s opens hat shop in southeast Springfield

SBJ.net Poll

Springfield's jobless rate ticked down from July to August, according to the latest federal data. Is your firm expanding its workforce?

*

Update cookies preferences