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Article: KPS Capital Partners' Portfolio Company, Hephaestus Holdings, Completes Acquisition of Substantially All of the Assets of FormTech Industries.
- Article from:
- Journal of Transportation
- Article date:
- October 24, 2009
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KPS Capital Partners, LP ("KPS") announced that its portfolio company, Hephaestus Holdings, Inc. ("HHI"), has completed the acquisition of substantially all the assets of FormTech Industries, LLC ("FormTech") through an indirect, wholly-owned subsidiary. HHI acquired FormTech free and clear of substantially all liens, claims, encumbrances and interests through an auction conducted as part of a sale process under Section 363 of the United States Bankruptcy Code. The U.S. Bankruptcy Court for the District of Delaware approved the transaction on October 1, 2009.
With this acquisition, HHI becomes the largest independent manufacturer of forged parts and the leading ...