Park-Ohio Snags Sun Capital Fuel Systems Maker For $98M

Law360, New York (March 8, 2012, 7:37 PM EST) -- Florida-based leveraged buyout specialist Sun Capital Partners Inc. on Thursday sold a Michigan affiliate that makes fuel management systems for cars to Park-Ohio Industries Inc., a subsidiary of Park-Ohio Holdings Corp., for $97.5 million.

Southfield, Mich.-based Fluid Routing Solutions designs and manufactures fuel management systems and hose extrusion products for major automotive and industrial customers in North America, Europe and Asia, according to a statement Sun Capital issued Thursday.

The all-cash deal is expected to close by the end of the month, Park-Ohio said in a...
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