HHI Group Holdings, LLC ("HHI"), through its Jernberg Holdings, LLC, Impact Forge Group, LLC, HHI FormTech, LLC, Kyklos Bearing International, LLC (“KBI”) and Cloyes Gear and Products, Inc. subsidiaries, is the largest independent manufacturer of forged parts and a leading manufacturer of wheel bearings for the North American automotive industry and a leading supplier of powdered metal engine and transmission components for automotive and industrial customers worldwide.
HHI operates three primary business units:
Forging Division – Jernberg Holdings, Inc., Impact Forge Group, Inc., and HHI FormTech LLC manufacturer highly engineered symmetrical and asymmetrical forged parts for various power train and wheel-end applications.
Wheel Bearing Division – KBI is the leading producer of Gen III wheel bearings in North America.
Timing Systems Division – Cloyes Gear and Products, Inc. is a leading supplier of timing systems and components for automotive engines.
HHI is owned by KPS Capital Partners, LP and MC Capital Inc., a subsidiary of Mitsubishi Corp.
Employing over 2,600 employees, HHI operates 15 manufacturing facilities located in Arkansas, Illinois, Indiana, Michigan and Ohio. For more information, please visit www.hhiforge.com, www.kbibearing.com and www.cloyes.com.
NEWS ARTICLES:
May 2, 2011
KPS Portfolio Company, HHI Group Holdings, to form Chinese joint venture with 8+1
March 21, 2011
KPS Capital Partners Portfolio Company, HHI Group Holdings, Completes Third Successful Recapitalization In Last Year
March 31, 2010
HHI Group Holdings, completes successful recapitalization
October 5, 2009 KPS Capital Partners portfolio company, Hephaestus Holdings, completes acquisition of
substantially all of the assets of FormTech Industries
August 26, 2009 KPS Capital Partners, LP portfolio company Hephaestus Holdings, Inc. signs asset purchase agreement to acquire certain assets of Formtech.
December 21, 2006 THE WALL STREET JOURNAL "How Financiers Pursue Profit At Skidding Auto-Parts Maker"
October 3, 2006 KPS Special Situations Funds' Portfolio Company, Hephaestus Holdings, Inc., Announces Sale of Minority Equity Interest to Mitsubishi Corporation
July 18, 2006 KPS Special Situations Funds' Portfolio Company, Jernberg Holdings, Inc., A Subsidiary Of Hephaestus Holdings, Inc., Completes $57 Million Recapitalization
March 6, 2006 BUYOUTS "KPS Tunes Up Auto Parts Maker"
September 8, 2005 KPS Completes Acquisition Of Jernberg Industries Inc., Iron Mountain Industries LLC And Related Entities Out Of Chapter 11 Bankruptcy
September 5, 2005 BUYOUTS "KPS Wades Into Auto Space"
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