M&A Deal Summary

Angstrom-USA Acquires Park-Ohio - Aluminum Products Business

On December 29, 2023, Angstrom-USA acquired manufacturer Park-Ohio - Aluminum Products Business from Park-Ohio for 53M USD

Acquisition Highlights
  • This is Angstrom-USA’s 1st transaction in the Manufacturing sector.
  • This is Angstrom-USA’s largest (disclosed) transaction.
  • This is Angstrom-USA’s 2nd transaction in the United States.
  • This is Angstrom-USA’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-12-29
Target Park-Ohio - Aluminum Products Business
Sector Manufacturing
Buyer(s) Angstrom-USA
Sellers(s) Park-Ohio
Deal Type Divestiture
Deal Value 53M USD

Target

Park-Ohio - Aluminum Products Business

Cleveland, Ohio, United States
Park-Ohio's Business provides aluminum products.

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Buyer(S) 1

Buyer

Angstrom-USA

Taylor, Michigan, United States
Category Company
Founded 1999
Sector Automotive
DESCRIPTION

Angstrom-USA LLC provides automotive tubular products in US.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Greenwood Forgings

Lexington, Kentucky, United States

Greenwood Forgings LLC provides aluminum parts for automotive industries machines.

Buy -

Seller(S) 1

SELLER

Park-Ohio

Cleveland, Ohio, United States
Category Company
Founded 1907
Sector Machinery
Employees6,300
Revenue 1.7B USD (2023)
DESCRIPTION

Park-Ohio is a diversified industrial holding company providing integrated supply chain management services and highly engineered products. Park-Ohio was founded in 1907 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 NYK Component Solutions

Southampton, United Kingdom

NYK Component Solutions is a QPL listed franchised distributor of circular connectors and accessories for use in Aerospace and harsh environment Industrial applications supplying approved products to markets around the world. NYK Component Solutions was founded in 2007 and is based in Southampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 EMA

Meckesheim, Germany

EMA is a manufacturer of induction heating equipment and converters and operates through its two locations in Meckesheim, Germany, and Beijing, China.

Buy -
Mergr

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