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News Article | June 1, 2017
Site: www.materialstoday.com

American Axle & Manufacturing (AAM), which owns automotive component manufacturer Metaldyne, has reported its financial results for Q1 2017 provided an updated 2017 financial outlook. Q1 sales were US$1.05 billion, up from US$0.97 billion in Q1 of 2016, with a gross profit of US$210.7 million, or 20.1% of sales. AAM’s net income in Q1 2017 was US$78.4 million, or US$0.99 per share, as compared to net income of US$61.1 million, or US$0.78 per share, in Q1 2016. ‘AAM's record financial performance in the first quarter of 2017 sets the stage for the next chapter in our future,’ said David C. Dauch, AAM’s chairman and CEO. ‘As we implement our integration plans to achieve synergy targets related to the completed acquisition of MPG, we look forward to driving profitable growth, strong free cash flow generation and long-term shareholder value as a larger, more diverse company.’ AAM's full year 2017 financial outlook has been updated to include the impact of the Metaldyne acquisition, and the company is now targeting sales of approximately US$6.1 billion in 2017. This story is reprinted from material from AAM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.


News Article | June 2, 2017
Site: www.accesswire.com

NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels. On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base. Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers. AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment. Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ, and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. TNS has not been compensated, directly or indirectly, for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a chartered financial analyst, for further information on analyst credentials, please email [email protected]. Ivan Neilson, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. TNS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness, or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer be featured on our coverage list, contact us via email at: [email protected] CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | June 2, 2017
Site: marketersmedia.com

NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels. On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base. Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers. AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment. Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ, and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. TNS has not been compensated, directly or indirectly, for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Ivan Neilson, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. TNS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness, or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer be featured on our coverage list, contact us via email at: editor@tradersnewssource.com CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels. On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base. Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers. AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment. Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE. Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/. Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ, and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. TNS has not been compensated, directly or indirectly, for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Ivan Neilson, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. TNS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness, or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer be featured on our coverage list, contact us via email at: editor@tradersnewssource.com CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | January 21, 2016
Site: www.materialstoday.com

Thomas Amato, co-president of of PM automotive component manufacturer Metaldyne Performance Group (MPG) and president and CEO Metaldyne LLC has left the company to pursue other interests. ‘On behalf of the MPG board, we would like to thank Tom for his leadership and contributions to Metaldyne and MPG,; said Kevin Penn, Chairman of MPG.  ;I met Tom in 2012 during the process through which American Securities acquired Metaldyne, and we have always been impressed with his leadership style.  Tom was instrumental in the creation of MPG, taking on the additional role of chief integration officer, in which he did a terrific job bringing together the companies.  We would like to thank him for his efforts, commitment, and dedication.’ Amato joined the predecessor company to Metaldyne, MascoTech Inc, in 1994 as director of corporate development.  He later served in a number of financial, operating and commercial roles.  In 2007, he was named chairman and CEO of Metaldyne and co-CEO of Asahi Tec, the then-parent company of Metaldyne.  He led an extensive turnaround through the global financial crisis in 2008 to 2009, where Metaldyne was re-formed as an independent company and sold to a group of investors. Amato continued as president and CEO through the sale to American Securities in 2012 and through the merger and formation of MPG and subsequent IPO. Douglas Grimm, currently co-president of MPG, has been named president and chief operating officer with responsibility for all operating activities of the various MPG operations and Russell Bradley has been named executive vice president of sales with responsibility for coordinating the sales efforts of the operating divisions. This story uses material from MPG, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.


LONDON, UK / ACCESSWIRE / November 4, 2016 / Active Wall St. blog coverage looks at the headline from American Axle & Manufacturing Holdings Inc. (NYSE: AXL) ("AAM") as the company announced, in a historic deal within the auto components sector, that it has finalized a merger agreement with Metaldyne Performance Group Inc. (NYSE: MPG). The merger announced on November 03, 2016, will create a diversified global powerhouse for Powertrain, Drivetrain, and Driveline Solutions. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. Today, AWS is promoting its blog coverage on AXL and MPG. Get all of our free blog coverage and more by clicking on the link below: AAM is a leading designer and manufacturer of driveline systems, chassis systems, and forged products for trucks, SUVs, buses, and passenger cars with 13,000 employees and operations globally. Metaldyne Performance Group ("MPG") was the result of the merger of Grede Holdings LLC, HHI Group Holdings, and Metaldyne LLC in 2014. MPG's operations are spread over 60 locations in 13 countries with approximately 12,000 employees. AAM and MOG complement each other and the merger will add to their strengths. Commenting on the merger, David C. Dauch, Chairman and CEO of AAM said: "MPG's expertise in complex, highly-engineered powertrain components and its global footprint will be tremendous assets to AAM." As per agreed terms of the merger, AAM will pay MPG $1.6 billion in cash for all the outstanding shares and $1.7 billion towards clearing its debts. AAM plans to pay $13.50 in cash and 0.5 share of AAM for each MPG shares. On completion of the merger, AAM's stockholders will own approximately 70% of the merged entity and MPG's stockholders would own the remaining 30%. The deal is expected to close in the first half of 2017 subject to statutory approvals. AAM plans to use a combination of cash in hand and fresh debt to finance the merger. AAM has parallelly signed a voting agreement with MPG's majority shareholder, an affiliate of American Securities LLC, to vote in favour of the said merger. Once the merger is completed, MPG will become a wholly-owned subsidiary of AAM. The merged entity will be headquartered in Detroit and David C. Dauch the current Chairman and CEO of AAM will continue to be the new Chairman and CEO. On finalization of the merger, the affiliate of American Securities LLC will own approximately 23% equity in the new entity. The new merged entity will operate four manufacturing business units - Driveline, (axles and drive shafts), Metal forming (gears, axle shafts, suspension components), Powertrain, (differential assemblies, valve bodies, etc.), Castings, (axle carriers and steering knuckles) with Driveline being the biggest sales contributor. Once the merger is final, the merged AAM–MPG entity is set to rule the powertrain, drivetrain, and driveline sector globally. With the merger, AAM will be able to diversify its global product portfolio to include highly-engineered lightweight components for the light, commercial, and industrial vehicle markets. The merged entity will be able to offer its expertise in complementary product, process, and systems technology and set new trends in both mechanical and alternative propulsion systems. AAM, which is largely dependent on General Motors for approximately 66% of its revenues, will be able to reduce its dependence on GM to 41% of its revenues as a result of the merger. The merged entity plans to further reduce this dependence to 32% by end of 2020. Furthermore, AAM–MPG plans to gain from MPG's client, Ford Motors, which accounts for 1% of revenues as of 2015, by increasing the revenue contribution to approximately 16% by 2020. AAM–MPG merged entity will create a financial behemoth in terms of size, scale, and enhanced cash flow generation. On completion, the merged entity is expected to generate around $7 billion in revenues, over $1.2 billion of EBITDA, and approximately $400 million in cash flows. The merged entity is expected to contribute accretive to cash flow and EPS within a year of the merger. The merged entity will also be able to save $100 million - $120 million annually in terms of run-rate cost synergies. MPG which has a strong free cash flow profile and profitability metrics will enable AAM to improve its operational profitability and increased cash flows, which will in turn help AAM to reduce its debt. AAM is targeting a Net Debt/ Adjusted EBITDA ratio of 2x by the end of 2019. In August 2016, AAM had announced the opening of its $30 million Advanced Technology Development Centre. The tech centre will focus on accelerated deployment of new technology, warranty analysis, competitive assessment, advanced machining, prototype development and supplier collaboration. How AAM plans to integrate MPG's engineering operations into the centre post-merger has not been disclosed. On Thursday, November 03, 2016, AAM's shares tumbled 17.64%, finishing the day at $13.68. A total volume of 8.36 million shares have exchanged hands by the end of the day, which was higher than the 3-month average volume of 1.01 million shares. Shares of the company have a PE ratio of 4.19 and currently have a market cap of $1.03 billion. Metaldyne Performance Group's stock skyrocketed 34.27%, closing yesterday's session at $19.20 on volume of 4.32 million shares. The company's shares are trading a PE ratio of 12.06 and have a dividend yield of 1.93%. The stock has a market cap of $1.29 billion at the end of Thursday's session. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / November 4, 2016 / Active Wall St. blog coverage looks at the headline from American Axle & Manufacturing Holdings Inc. (NYSE: AXL) ("AAM") as the company announced, in a historic deal within the auto components sector, that it has finalized a merger agreement with Metaldyne Performance Group Inc. (NYSE: MPG). The merger announced on November 03, 2016, will create a diversified global powerhouse for Powertrain, Drivetrain, and Driveline Solutions. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. Today, AWS is promoting its blog coverage on AXL and MPG. Get all of our free blog coverage and more by clicking on the link below: AAM is a leading designer and manufacturer of driveline systems, chassis systems, and forged products for trucks, SUVs, buses, and passenger cars with 13,000 employees and operations globally. Metaldyne Performance Group ("MPG") was the result of the merger of Grede Holdings LLC, HHI Group Holdings, and Metaldyne LLC in 2014. MPG's operations are spread over 60 locations in 13 countries with approximately 12,000 employees. AAM and MOG complement each other and the merger will add to their strengths. Commenting on the merger, David C. Dauch, Chairman and CEO of AAM said: "MPG's expertise in complex, highly-engineered powertrain components and its global footprint will be tremendous assets to AAM." As per agreed terms of the merger, AAM will pay MPG $1.6 billion in cash for all the outstanding shares and $1.7 billion towards clearing its debts. AAM plans to pay $13.50 in cash and 0.5 share of AAM for each MPG shares. On completion of the merger, AAM's stockholders will own approximately 70% of the merged entity and MPG's stockholders would own the remaining 30%. The deal is expected to close in the first half of 2017 subject to statutory approvals. AAM plans to use a combination of cash in hand and fresh debt to finance the merger. AAM has parallelly signed a voting agreement with MPG's majority shareholder, an affiliate of American Securities LLC, to vote in favour of the said merger. Once the merger is completed, MPG will become a wholly-owned subsidiary of AAM. The merged entity will be headquartered in Detroit and David C. Dauch the current Chairman and CEO of AAM will continue to be the new Chairman and CEO. On finalization of the merger, the affiliate of American Securities LLC will own approximately 23% equity in the new entity. The new merged entity will operate four manufacturing business units - Driveline, (axles and drive shafts), Metal forming (gears, axle shafts, suspension components), Powertrain, (differential assemblies, valve bodies, etc.), Castings, (axle carriers and steering knuckles) with Driveline being the biggest sales contributor. Once the merger is final, the merged AAM–MPG entity is set to rule the powertrain, drivetrain, and driveline sector globally. With the merger, AAM will be able to diversify its global product portfolio to include highly-engineered lightweight components for the light, commercial, and industrial vehicle markets. The merged entity will be able to offer its expertise in complementary product, process, and systems technology and set new trends in both mechanical and alternative propulsion systems. AAM, which is largely dependent on General Motors for approximately 66% of its revenues, will be able to reduce its dependence on GM to 41% of its revenues as a result of the merger. The merged entity plans to further reduce this dependence to 32% by end of 2020. Furthermore, AAM–MPG plans to gain from MPG's client, Ford Motors, which accounts for 1% of revenues as of 2015, by increasing the revenue contribution to approximately 16% by 2020. AAM–MPG merged entity will create a financial behemoth in terms of size, scale, and enhanced cash flow generation. On completion, the merged entity is expected to generate around $7 billion in revenues, over $1.2 billion of EBITDA, and approximately $400 million in cash flows. The merged entity is expected to contribute accretive to cash flow and EPS within a year of the merger. The merged entity will also be able to save $100 million - $120 million annually in terms of run-rate cost synergies. MPG which has a strong free cash flow profile and profitability metrics will enable AAM to improve its operational profitability and increased cash flows, which will in turn help AAM to reduce its debt. AAM is targeting a Net Debt/ Adjusted EBITDA ratio of 2x by the end of 2019. In August 2016, AAM had announced the opening of its $30 million Advanced Technology Development Centre. The tech centre will focus on accelerated deployment of new technology, warranty analysis, competitive assessment, advanced machining, prototype development and supplier collaboration. How AAM plans to integrate MPG's engineering operations into the centre post-merger has not been disclosed. On Thursday, November 03, 2016, AAM's shares tumbled 17.64%, finishing the day at $13.68. A total volume of 8.36 million shares have exchanged hands by the end of the day, which was higher than the 3-month average volume of 1.01 million shares. Shares of the company have a PE ratio of 4.19 and currently have a market cap of $1.03 billion. Metaldyne Performance Group's stock skyrocketed 34.27%, closing yesterday's session at $19.20 on volume of 4.32 million shares. The company's shares are trading a PE ratio of 12.06 and have a dividend yield of 1.93%. The stock has a market cap of $1.29 billion at the end of Thursday's session. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. 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Chernenkoff R.A.,Metaldyne LLC | Adams J.P.,Metal Powder Industries Federation
Euro PM 2014 Congress and Exhibition, Proceedings | Year: 2014

The majority of fatigue analyses of sintered powder metallurgy materials have been and continue to be generated using the traditional stress-based approach. This approach is based on nominal (average) stresses within a component that is being analyzed. While most engineered components are designed such that nominal stresses remain elastic during service loads, local areas of stress concentration can cause plastic strains. The strain-based approach to fatigue involves detailed analysis of localized plastic deformation (yielding) that may occur in these areas of stress concentration and is used as a basis for calculating fatigue life. A long-term program is being conducted by the Center of Powder Metallurgy Technology (CPMT) in collaboration with the Metal Powder Industries Federation (MPIF) Standards Committee to determine the strain-based fatigue properties of sintered materials using machined cylindrical axial fatigue specimens. This paper features pre-alloyed and hybrid low-alloy steels in the as-sintered and heat treated conditions. Results show cyclic stress-strain data, strain-life data and cyclic properties for several materials.


Paris V.,Rio Tinto Metal Powders | St-Laurent S.,Rio Tinto Metal Powders | Ilia E.,Metaldyne LLC
Advances in Powder Metallurgy and Particulate Materials - 2011, Proceedings of the 2011 International Conference on Powder Metallurgy and Particulate Materials, PowderMet 2011 | Year: 2011

Sinter-hardening powders are a cost effective way to manufacture high apparent hardness and high mechanical strength parts. However, these desirable properties make the use of secondary sizing operations very difficult. It is therefore of prime importance for parts manufacturers to have increased control over the dimensional change of sintered components. Enhanced control over the dimensional change quickly translates into savings for such manufacturers. Collaboration between Rio Tinto Metal Powders and Metaldyne, respectively a major powder manufacturer and a top-end American parts manufacturer, was triggered by such incentives. Over the past years, both companies have joined efforts to better understand the dimensional change behaviour of ATOMET 4601 and ATOMET 4701 under industrial production conditions. This paper discusses in a two-fold approach the effect of the mix formulation and the sintering conditions on the dimensional change. In the first section, addition of copper and graphite is studied and the concept of using a more reactive graphite is introduced. In the second section, tests ran both at Metaldyne and RTMP demonstrate the strong impact that sintering conditions can have on the dimensional change. The effects of these changes on the process control metrics are also discussed. In conclusion, it is established that the optimisation of both the mix formulation and the sintering conditions are necessary in order to fully take advantage of the sinter-hardening powders.


Ferfecki F.J.,Victrex United States Inc. | Hale A.,Metaldyne LLC
SAE 2011 World Congress and Exhibition | Year: 2011

A joint development program between Metaldyne and Victrex Polymer Solutions was established with the goal of developing a cost effective net shape injection molded gear that provides improvements in NVH (Noise Vibration and Harshness) and operating efficiency over conventional high quality iron gears. A detailed DOE (Design of Experiments) evaluating NVH performance of machined gears was performed in a calibrated NVH test cell. Variables in the DOE included material, gear geometry and backlash variation. The DOE showed the PEEK material gears had different geometric sensitivities, such as helix angle effects, on NVH performance. The results of the DOE were then used to develop an optimal injection molded PEEK polymer gear design. A production quality injection molding gear tool was constructed. Net shape production quality PEEK polymer gears were injection molded and the gears were evaluated in a current production mass balance unit for NVH, mechanical efficiency and durability. The study shows when compared to the baseline gears a net shape injection molded PEEK polymer gear provides a 3db noise reduction, as much as 9% reduction in power consumption, a 69% mass reduction and meets the application durability requirements. © 2011 SAE International.


Ilia E.,Metaldyne LLC
Advances in Powder Metallurgy and Particulate Materials - 2014, Proceedings of the 2014 World Congress on Powder Metallurgy and Particulate Materials, PM 2014 | Year: 2014

The operating environment in an engine can have negative effects on the performance of connecting rods, as it is well-known that the strength of most steels deteriorates at higher temperatures. Although the mechanical properties of the materials used to manufacture connecting rods have been widely characterized at room temperature, their strength has not been investigated at higher temperatures. This work was undertaken to fill this gap and analyze the behavior of these materials at engine operating temperatures. Tensile and compressive yield strength tests were conducted at 120 °C (248 °F) and 150 °C (302 °F) on specimens machined from connecting rods. The strength of the materials used to manufacture connecting rods through steel forging declines at operating temperatures, while, on the contrary, the strength of the materials used to manufacture powder forged connecting rods improves. Scanning electron microscopy and transmission electron microscopy were employed to investigate the powder forged materials in order to explain the strengthening mechanism causing the improvement. Copious Cu-rich nano precipitates were observed in the powder forged specimens tested at higher temperatures.


Patent
Metaldyne LLC | Date: 2014-09-18

A clutch damper is configured to dampen unwanted noise and vibration within a clutch assembly. The clutch damper includes an inertia member and an elastomeric member positioned about the inertia member. The damper may be connected to a hub located on a shaft within the clutch assembly.

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