Ohio-based AK Steel, a leading producer of flat-rolled carbon, stainless and electrical steel products, announced recently 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 across eight plants in Ontario, Alabama and Kentucky.
“This acquisition aligns well with AK Steel’s long-term strategy and we believe it will play a key role in further strengthening the long-term performance of our company,” said Roger Newport, Chief Executive Officer of AK Steel.