American Axle & Manufacturing Holdings, Inc. announced that it has completed the acquisition of Metaldyne Performance Group Inc. (MPG). The transaction was unanimously approved by the boards of directors of both companies and recently approved by stockholders of AAM and MPG.
“Today is a 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.”
MPG operates three facilities in Mexico. A site located in Aguascalientes produces transfer cases and AWD parts, gears, sprockets and several engine components.
A plant in Ramos Arizpe, Coahuila, produces powder metal connecting rods, machined connecting rods and machined vibration dampers. A third facility located in El Carmen, Nuevo Leon, manufactures axle carriers, differential cases, brackets and turbo housings.
AAM owns two production sites both located in Silao, Guanajuato. AAM's Guanajuato Manufacturing Complex is a 2009 Shingo Prize winner facility that manufactures rear-axle assemblies, propeller shafts, driveline systems and forging components.
AccuGear Silao produces precision differential gears and assemblies to support a variety of AAM customers and programs.