Ameriforge Group Up for Sale
Reuters reported that Ameriforge Group Inc., a U.S.-based manufacturer of forged products, put itself on the block and hired investment bank Harris Williams & Co. to advise on the process. Owned by Houston-based private equity firm Tanglewood Investments, Ameriforge could reportedly be worth $750-800 million. Founded in 2002, Ameriforge is a forged-products subsystems- and systems-integration company that provides customers with solutions for their forged component, fabrication, sub-assembly and fully integrated systems needs. The company provides product design and engineering, open- and closed-die forging, and ring rolling to the aerospace, power-generation, oil and gas, transportation, and industrial sectors. Ameriforge comprises 10 companies and 21 plants.