American Axle & Manufacturing Holdings signs definitive agreement to sell United States iron casting operations.

Auto Business News-September 19, 2019--American Axle & Manufacturing Holdings signs definitive agreement to sell United States iron casting operations

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Auto Business News - 19 September 2019

American Axle & Manufacturing Holdings, Incorporated, a global tier 1 automotive supplier, has signed a definitive agreement to sell its United States iron casting operations to funds managed by Gamut Capital Management.

The deal is valued at USD245m, subject to certain customary adjustments.

The USD245m sale price will include USD185m in cash, and the company will retain its El Carmen, Mexico iron casting operations...

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