Metaldyne Performance Group looks to raise $300 million in IPO

December 10, 2014

Metaldyne Performance Group Inc. (MPG), the holding company of Powder Metallurgy automotive parts maker Metaldyne LLC, has announced terms for an IPO to raise $300 million. MPG, which is owned by private equity firm American Securities, is offering 15.4 million shares at a price range of $18 to $21. As stated on Renaissance Capital’s website, at the midpoint of the proposed range MPG would command a market value of $1.3 billion.

In August this year MPG announced the merger of Grede Holdings LLC, HHI Group Holdings, and Metaldyne LLC, forming a new holding company. At the time it was stated that the merger was designed to enable Grede, HHI and Metaldyne, three established automotive suppliers, to strengthen their market position across metal forming technologies, expand their global footprints and leverage certain cross-selling opportunities that exist between the companies.

Metaldyne LLC manufactures a range of components for the global light vehicle markets including Powder Metallurgy connecting rods and VVT components. The company employs more than 4,000 people at 26 facilities in 13 countries.

HHI manufacturers forgings, machined products and Powder Metallurgy components for OEM and Tier I suppliers, principally in the North American light vehicle market. Under HHI are several company brands including Cloyes Gear, FormTech, Jernberg, and Impact Forge.

Grede manufactures cast, machined and assembled components for the light and commercial vehicle and industrial (agriculture, construction, mining, rail, wind energy and oil field) end-markets. Under Grede are several company brands, including NovoCast and Teknik.

www.mpgdriven.com 


Powder Metallurgy Review magazine:

Your email address:


Useful links: Download PM Review magazine | News headlines | Browse articles 


Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link