JD Norman Industries Inc. has purchased Federal-Mogul Corp.’s (Nasdaq: FDML) connecting rod and carnshaft businesses, following a streak of automotive parts deals.
The Lydney, England-based carnshaft business manufactures casting for automotive, heavy-duty and motorcycle equipment manufacturers.
The connecting rod business, headquartered in Ontario, Canada, manufactured fully-machined connecting rods for automotive manufacturers, including General Motors Co. (NYSE: GM) and Chrysler.
Addison, Ill.-based JD Norman makes metal components and systems for equipment manufacturers.
Federal-Mogul, headquartered in Southfield, Mich., supplies products to vehicle and equipment manufacturers and servicers.
Angle Advisors was Federal-Mogul’s financial adviser for the deal.