Autoform Tool & Manufacturing was acquired by a subsidiary of ParkOhio
THE TRANSACTION
In October 2014, ATM was acquired by a subsidiary of ParkOhio for $48.2 million. DPP acted as exclusive financial advisor and Foster Swift Collins & Smith PC served as legal counsel to ATM.
Our Client
AUTOFORM TOOL & MANUFACTURING, INC.
ATM is a leading supplier of high pressure fuel rails, and high and low pressure fuel lines used by the automotive vehicle manufacturers and their Tier One suppliers. The Company developed an expertise in manufacturing close tolerance components utilized in fuel systems, including engines with gasoline direct injection (GDI). In addition to producing highly engineered components, the Company also designs, engineers and manufactures tooling, flexible production cells, and secondary processing equipment to support its manufacturing capabilities. ATM employs approximately 225 associates at its facility in Angola, IN.
Transaction Partner
PARKOHIO HOLDINGS CORP.
ParkOhio (NASDAQ: PKOH) is a leading provider of supply management services and a manufacturer of highly-engineered products. Headquartered in Cleveland, Ohio, the Company operates 41 manufacturing sites and 55 supply chain logistics facilities.
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Automotive & Truck
Automotive & Truck
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