Angstrom Automotive Group Acquires General Aluminum Mfg. Company from Park-Ohio
January 18, 2024
Angstrom Automotive Group LLC acquired General Aluminum Mfg. Company (the Aluminum Products business) from Park-Ohio Holdings Corp., in a completed divestiture announced in early January 2024. Park-Ohio said the sale will help deleverage its balance sheet and reduce capital intensity while Angstrom expands its aluminum casting and machining footprint across U.S. and Mexico facilities.
- Targets
- General Aluminum Mfg. Company
- Sellers
- Park-Ohio Holdings Corp.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Divestiture
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