Metaldyne buyer a surprise for two northeast Indiana plants

Marty Schladen, The Journal Gazette

mschladen@jg.net

Bankrupt Metaldyne Corp.'s three northeast Indiana plants have been bought by two private-equity groups.

The move came as a surprise in a bankruptcy auction last week, and it comes after Plymouth, Mich.-based Metaldyne announced plans to sell its Bluffton plant to another buyer.