MacLean-Fogg is pleased to announce the divestiture of the Presswork Krefeld division to private equity firm HANNOVER Finanz and local management effective February 10th, 2017. We believe this transaction is a win for MacLean-Fogg, the new PWK Automotive group of companies and customers. This transaction allows MacLean-Fogg Component Solutions to heighten our focus in our three core areas: Fastener Components, Engineered Components and Engineered Plastics. MacLean-Fogg Component Solutions will continue to serve and grow with our linkage and suspension customers in North America within our Engineered Components group.
For more information on the new PWK Automotive, please see the press release from Hannover Finanz here: http://www.hannoverfinanz.de/fileadmin/user_upload/hannover_finanz/News/english/2017-01-23_PressRelease_PWK_HF.pdf