ParkOhio has acquired Canton Drop Forge Inc., a developer and manufacturer of closed die and drop forgings.
Canton-based CDF targets the aerospace, ground transportation and locomotive, oilfield, and power generation sectors.
“The addition of CDF to our current Forged and Machined Products Group will enhance the company’s international aerospace profile,” Edward F. Crawford, ParkOhio chairman and CEO, said in a statement. Terms of the deal were not disclosed.
Crawford is no stranger to dealmaking. Late last year, Crawford, an honorary chair of this year’s ASPIRE 2018, spoke with us about his three keys to dealmaking success: keeping your ego in check, handling due diligence the right way and building the right deal team.
