Metaldyne Files for Bankruptcy
RHJI, which owns a majority stake in Asahi Tec, has proposed purchasing certain North American and European assets of Metaldyne’s Sintered Products and other business units. Metaldyne has seven PM plants in the U.S., Mexico, Brazil, China and Spain. Carlyle has proposed a purchase of certain of Metaldyne's Chassis business assets in the U.S., Mexico and Spain. Metaldyne is a leading global designer and supplier of metal-based components, assemblies and modules for transportation-related powertrain and chassis applications to the auto industry.