Jun 6 2006
ThyssenKrupp Budd Company today announced the sale of its aluminum castings operations as part of a restructuring plan announced earlier this year.
ThyssenKrupp Stahl Company, a subsidiary which produces aluminum castings at foundries in Kingsville and Warrensburg, Mo., has been sold to an equity holding concern. Sale price was not disclosed. ThyssenKrupp Stahl employs 813 people.
The sale of the aluminum castings operation is in line with restructuring plans ThyssenKrupp AG of Germany announced for its North American automotive segment.
Speyside Equity LLC, a Delaware company, now owns the stock of ThyssenKrupp Stahl as well as other industrial investments.
ThyssenKrupp Budd currently supplies approximately 100 vehicle models with sheet metal stampings and assemblies, composite autobody panels and pickup boxes, chassis modules and subframes, bumpers and bumper reinforcements. ThyssenKrupp Budd operates 30 facilities with more than 10,000 employees in North America.
http://www.buddcompany.com/