Simpson completes merger with MascoTech subsidiary

PLYMOUTH, Mich. (Dec. 18)—Simpson Industries Inc. Dec. 15 completed a merger with a subsidiary of MascoTech Inc., a supplier of forged and machined steel components for engines, transmissions and drivetrains, also purchased by Heartland Industrial Partners L.P. and CFSB Private Equity. For each share of Simpson stock, owners were paid $13 in a deal totaling $365 million with the assumption of debt. The Plymouth-based company´s stock was delisted from Nasdaq Dec. 15. Simpson now will operate as a subsidiary of MascoTech Inc.