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.
Bharat Forge Acquires Walker Forge Tennessee
December 6, 2016