Home | Business News | Browse by Publication | P | PR Newswire

American Axle & Manufacturing Announces Asset Purchase Agreement with FormTech Industries.

Publication: PR Newswire
Publication Date: 05-DEC-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DETROIT, Dec. 5 /PRNewswire-FirstCall/ -- American Axle & Manufacturing (AAM), which is traded as AXL on the NYSE, today announced that it has executed an asset purchase agreement with FormTech Industries LLC ("FormTech").

As part of this agreement, AAM exchanged its hub and spindle forging business for FormTech's differential gear, hypoid pinion and ring gear forging businesses. In order to compensate for the difference...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from PR Newswire
Titan Specialties, Ltd. Announces New Leadership., December 05, 2008
Seven Summits Research Releases Comments on BIDU, BA, JCP, SNDK, and S..., December 05, 2008
Salary.com(TM) Surpasses 3,000 Enterprise Customers with Lego Systems(..., December 05, 2008
Historical Patterns Indicate a Buying Opportunity for Equities., December 05, 2008
Continental Airlines Completes Installation of Audio/Video on Demand S..., December 05, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.