Bharat Forge Acquires Walker Forge Tennessee
Bharat Forge Ltd. acquired Walker Forge Tennessee (WFT) through its U.S. subsidiary, Bharat Forge America, for $14 million. WFT supplies complex, steel, high-alloy steel engine and chassis components to the automotive and industrial sectors. The deal will enable Bharat Forge to establish a manufacturing footprint in North America and increase its product offerings in the passenger-car and commercial-vehicle segments and industrial markets such as construction and mining. The transaction will be completed upon completion of certain conditions and regulatory approvals.