Auto Parts M&A » By The Online Investor Staff, updated Wed., May. 1, 8:55 PM
Recent mergers and acquisitions in the Auto Parts M&A category.
Slide #37. SECO — Tower Korean Operations
Acquirer: |
SECO |
Acquiree: |
Tower Korean Operations (TOWR) |
Details: |
Tower International, Inc., a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that it sold its Korean operations in order to strengthen its overall business and realize shareholder value. Under the agreement reached earlier today, Tower sold 100% of the stock in its wholly-owned Korean subsidiary to SECO, a privately owned Korean auto parts supplier. The sold operations include 5 manufacturing plants, a tooling plant, and a headquarters/technical center. Financial results for full year 2012 were projected at revenue of $345 million, Adjusted EBITDA of $25 million, and free cash flow of negative $5 million. |
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May 1, 2024 8:55 PM Eastern
Hold (2.00 out of 4)
100th percentile
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