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DTCF Advises on sale of ThyssenKrupp Stahl Company to Speyside Equity LLC

Transaction Highlights Extensive Divestiture Qualifications

D&TCF: Stahl

Deloitte & Touche Corporate Finance LLC (DTCF) is pleased to announce its role as the exclusive financial advisor to ThyssenKrupp Budd Company (TK Budd) regarding the sale of its wholly owned subsidiary, ThyssenKrupp Stahl Company (Stahl), to Speyside Equity LLC (Speyside). Terms of the deal were not disclosed.

The stock sale transaction encompasses all of Stahl’s aluminum casting foundries which are located in Kingsville and Warrensburg, Missouri. The acquired entity, which will operate as Stahl Specialty Company, employs approximately 800 people and is one of the largest aluminum foundries in North America. Stahl provides permanent and semi-permanent mold casting, heat treating, machining and sub-assembly for a wide variety of aluminum parts to end-markets including automotive, commercial, diesel engine and marine.

The sale of Stahl is in line with restructuring plans ThyssenKrupp AG of Germany announced for its North American automotive segment.

This transaction is another example of DTCF’s role as financial advisor to a large corporate entity involved in a carve-out divestiture of non-core assets. Furthermore, the sale highlights DTCF’s experience in the industrial manufacturing segment.

About Stahl, TK Budd and Speyside
Stahl, founded in 1946 by Glenn Stahl, is one of the most well known aluminum foundries in America. The company made a name for itself as an innovator in the foundry business most notably pioneering the tilt-pour process for aluminum casting. Stahl became part of the TK Budd family in 2000.

Headquartered in Troy, Michigan, TK Budd is a leading supplier of high-quality body and chassis components and systems to the automotive industry. The company currently supplies approximately 100 vehicle models with sheet metal stampings and assemblies, composite autobody panels and pickup boxes, chassis modules and subframes, bumpers and bumper reinforcements. TK Budd operates 30 facilities with more than 10,000 employees in North America. The company is a significant part of ThyssenKrupp Automotive, a global family of companies that provides automotive manufacturers with components and systems worldwide. Headquartered in Bochum, Germany, ThyssenKrupp Automotive is one of the world’s leading automotive suppliers. It employs nearly 43,000 people who work at approximately 130 locations in 14 countries.

Speyside, a Delaware company, was formed in 2004 for the purpose of making equity investments in closely held companies. The firm focuses on companies with a proven history of profitability and a competent management team that will remain in place subsequent to acquisition. Speyside is especially interested in businesses with significant tangible assets that will provide a basis for financing under normal lending terms.

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