MD Investors purchased assets related to Metaldyne’s sintered products; vibration controls products, European forging products and powertrain products groups.
The purchase was made under a court supervised auction process. MD Investors paid approximately $40 million in cash subject to adjustments under the asset purchase agreement, plus the assumption of certain debt and liabilities, and credit bid more than $425 million of secured term debt. The new company will operate under the name Metaldyne, LLC.
