Accuride Corporation (NYSE: ACW) has sold its Brillion Iron Works subsidiary to a subsidiary of Metaldyne Performance Group Inc., a provider of highly-engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets.
Under the purchase agreement, MPG has acquired from Accuride all of the stock of Brillion Iron Works, Inc., a Delaware corporation, for total cash consideration of $14 million.