# AK Steel acquires Precision Partners for $360 million

AK Steel has announced the acquisition of Precision Partners Holding Co. for $360 million in cash. Precision Partners specializes in tooling, die making, and stamping of automotive components.

- Type: Acquisition
- Announced: 2017-07-03
- Where: Ontario, Alabama, Kentucky, United States
- Value: $360.0M
- Status: announced
- Products: tooling, die making, stamped automotive components, high strength steels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [AK Steel](https://endata.com/companies/17350.md) (acquirer)
- [Precision Partners Holding Co.](https://endata.com/companies/17351.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/ak-steel-acquires-precision-partners-for-360-million-992482.htm), 2017-07-03: "The acquisition of Precision Partners underscores AK Steel's commitment to expand our portfolio of high-value products and processes."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.