AK Steel announced today that it has completed its acquisition of Precision Partners Holding Company. Precision Partners is a leading North American provider of engineering, tooling and hot and cold stamped products, with a broad portfolio of highly engineered solutions. Headquartered in Ontario, the company employs more than 1,000 employees, including about 300 engineers and skilled tool makers, across eight plants in Ontario, Alabama and Kentucky.
Precision Partners specializes in tool and die engineering and the production of complex stamped components for the automotive industry.
"We are extremely pleased with the existing successful platforms and business that Precision Partners brings to our company, and even more excited about how well this acquisition positions us to expand our capabilities to provide lightweighting solutions to our automotive customers," said Roger Newport, Chief Executive Officer of AK Steel.