Autoform has been acquired by Park Ohio for $42 million

Tuesday, Oct 14, 2014

Autoform Tool & Manufacturing Inc., has been taken over by Cleveland based Park Ohio Holdings Corp for a whopping amount of $48.2 million in cash.

Autoform is renowned for the manufacture of high pressure fuel rails as well as low pressure fuel lines for the automotive industry with reference to truck engine injection systems.

Founded in 1907, Park Ohio owns standalone business in three segments: supply technologies, assembly components and engineered products. The company’s revenue in 2013 stood at  $1.2 billion.