Metaldyne Performance Group Inc. has been acquired by American Axle & Manufacturing Holdings, Inc. . The transaction was unanimously approved by the boards of directors of both companies and recently approved by stockholders of AAM and MPG.
“Today is an historic day where we combine the strengths of both AAM and MPG into a premier, global Tier 1 automotive supplier with broader capabilities across multiple product lines,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “This transformational acquisition will allow us to maximize stakeholder value by creating a company with greater size, scale and increased business diversification that delivers efficient, powerful and innovative solutions for our customers.”
