Rheinmetall to Acquire Loc Performance Products in $950 Million Deal
August 18, 2024
Rheinmetall has signed an agreement to acquire all equity interests in Loc Performance Products, a vehicle specialist headquartered in Plymouth, Michigan, for an enterprise value of $950 million. The deal is expected to strengthen Rheinmetall’s U.S. military vehicle business by expanding manufacturing capacity and integrating a skilled workforce supporting U.S. Department of Defense and OEM programs.
- Buyers
- Rheinmetall AG, American Rheinmetall Vehicles
- Targets
- Loc Performance Products
- Industry
- Aerospace & Defense
- Location
- Michigan, United States
- Transaction Type
- Buyout
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