Gores-Owned Hay Group Scoops Up German Auto Parts Maker

Law360, New York (July 30, 2013, 3:22 PM EDT) -- The Hay Group, an automotive parts maker backed by The Gores Group LLC, will scoop up components manufacturer Metallumform GmbH in a deal it said Tuesday will help it meet customer demand and ramp up its core business in the German marketplace.

Neither of the companies named the price tag attached to the deal, or gave a timetable for its completion. They also did not say how Hay would cover its purchase.

In the deal, Hay will pick up a pair of German plants in Lower...
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