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ThyssenKrupp Budd sells aluminum metalcasting facility.

Automotive industry supplier ThyssenKrupp Budd Co., Troy, Mich., announced the sale of its aluminum casting operations as part of a restructuring plan announced earlier this year.

ThyssenKrupp Stahl Co., a subsidiary that produces aluminum castings at metalcasting facilities in Kingsville and Warrensburg, Mo., has been sold to an equity-holding concern, Speyside Equity LLC, Philadelphia. The 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 (Dusseldorf, Germany) announced for its North American automotive segment," stated a spokesperson for the company.

ThyssenKrupp Budd supplies about 100 vehicle models with sheet metal stampings and assemblies, composite autobody panels and pickup boxes, chassis modules and subframes and bumpers. It operates 30 plants in North America.
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Title Annotation:North America
Publication:Modern Casting
Geographic Code:4EUGE
Date:Jul 1, 2006
Words:127
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