FormTech expands forging capability

  • 08-Jan-2009 11:14 EST

FormTech Industries has acquired American Axle & Manufacturing's forging operations in Tonawanda, NY. In the asset-swap transaction, AAM has acquired FormTech's business for hypoid pinion and ring gear forgings, as well as its near-net differential gear operations including a plant in Fort Wayne, IN. FormTech says the move, combined with its recent creation of a hot forging joint venture in Pune, India, helps establish the company as the leader in North America and Asia for high-volume, highly engineered hot forgings for transmission, transaxle, and wheel-end applications.

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