Carlyle Group Completes Sale of Metaldyne to American Securities

Carlyle Group today completed the sale of Metaldyne, LLC, a global manufacturer of highly engineered metal-based components for light vehicle engine, transmission and driveline systems, to an affiliate of American Securities LLC. Financial terms of the transaction were not disclosed. Carlyle Strategic Partners II, a $1.35 billion distressed investment fund, led a group of creditors in the purchase of Metaldyne in October 2009, and partnered with Metaldyne's management on the company's successful recovery. Since Carlyle's acquisition, Metaldyne has grown revenue by approximately 70 percent and employment by approximately 30 percent. Michael Stewart, Carlyle Managing Director and Co-Head of Carlyle See full press release