RPT-India's Bharat Forge acquires U.S. firm for $9 mln

Newswire

(Repeats story issued on Saturday) BOMBAY, June 25 (Reuters) - India's Bharat Forge Ltd. , the world's second-biggest forging company, has acquired a U.S. firm, Federal Forge Inc., in an all cash deal worth $9.1 million, the Bombay Stock Exchange said on Saturday. Federal Forge is engaged in the design and manufacture of forged steel components for the automobile industry. "It is a significant step towards implementing Bharat Forge's strategy of expanding our global footprint and ...

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