ParkOhio Buys Autoform Tool & Manufacturing - Quick Facts

(RTTNews) - Park-Ohio Holdings Corp. (PKOH) Monday said it has acquired Angola, Indiana-headquartered Autoform Tool & Manufacturing, Inc., or ATM, for its Assembly Components segment in an all-cash transaction valued at $48.2 million.

ATM supplies high pressure fuel rails and high and low pressure fuel lines used in Gasoline Direct Injection systems utilized by automotive and truck manufacturers. ParkOhio provides supply management services and manufactures highly-engineered products.

ParkOhio expects ATM's annual revenues to exceed $70 million in 2015 and be accretive to earnings.