Forged parts maker Hephaestus sells minority stake to Mitsubishi

Oct 04, 2006 | 05:13 PM | Philip Burgert

Forged parts manufacturer Hephaestus Holdings Inc., Chicago, has sold a minority equity interest to Japan's Mitsubishi Corp. for undisclosed financial terms.

New York-based private equity funds group KPS Special Situations Funds LP continues as the majority shareholder of Hephaestus, which was formed a year ago following the purchase from Chapter 11 bankruptcy by KPS of the four Chicago plants....

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