Ampco-Pittsburgh Corp. completed its acquisition of Åkers AB (excluding its operations in France and Belgium) and certain of its affiliated companies (Åkers Group). With the closing of this transaction, the forged and cast roll businesses of Union Electric Steel Corp., a wholly owned operating subsidiary of Ampco, and Åkers Group will begin conducting business under the brand name Union Electric Åkers. The deal, which was first reported by Industrial Heating in December 2015, sees Ampco acquire the following companies: Åkers Sweden AB of Sweden; National Roll Co. of Avonmore, Pa.; Shanxi Åkers TISCO Roll Co. Ltd. of Taiyuan Shanxi, China (of which Åkers Group is a 60% joint-venture partner); Åkers Valji Ravne of Slovenia; and Vertical Seal Co. of Pleasantville, Pa.
Ampco-Pittsburgh Acquires Åkers AB
March 4, 2016