PE firm Tanglewood Investments puts Ameriforge Group for sale
15 Oct 2012
Ameriforge Group Inc, a US-based a manufacturer of forged products, has put itself on the block and has hired investment bank Harris Williams & Co to advise on the process, Reuters yesterday reported, citing two sources familiar with the matter.
Owned by Houston-based private equity firm Tanglewood Investments, Ameriforge, which comprises 10 companies, 21 plants, and multiple brands, could be worth between $750 million and $800 million.
Founded in 2002, Houston-based Ameriforge is a forged products sub-systems and systems integration company that provides high-profile strategic customers with total-value-solutions for their forged component, fabrication, sub-assembly, and fully-integrated systems needs.
Ameriforge provides product design and engineering, open and closed die forging, and ring rolling to aerospace, power generation, oil and gas, transportation, and industrial sectors.
It has 9 plants in Houston, 5 in Detroit, 2 in New Hampshire, and one each in Woodville in Texas, Greenville in South Carolina, Calgary in Canada and Shunde and Shanghai in China.
