The former Fiat Group subsidiary TK Aluminum Ltd. has issued a news release responding to press speculation in Italy with regard to a possible sale of some of its assets. The company confirmed only that it is exploring various asset sales and is in discussions with potential buyers.
Teksid Aluminum manufactures aluminium castings including cylinder heads, engine blocks, transmission housings and suspension components, at 15 manufacturing facilities in Europe, North America, South America and Asia.
Until September 2002, Teksid Aluminum was a division of Teksid S.p.A., which was owned by Fiat. Through a series of transactions completed between September 30, 2002 and November 22, 2002, Teksid S.p.A. sold its aluminium foundry business to a consortium of investment funds led by equity investors that include affiliates of Questor Management Company, LLC, JPMorgan Partners, Private Equity Partners SGR SpA and AIG Global Investment Corp. As a result of the sale, Teksid Aluminum is owned by its equity investors through TK Aluminum Ltd., a Bermuda-registered holding company.
豫公网安备41010502003434号