Ahmednagar Forgings has received an approval to acquire the entire business of First Forge (FFL) through a business transfer agreement (BTA) for cash consideration. The board of company at its meeting held on March 25, 2013 has approved for the same. FFL is engaged in the business of manufacturing of forging components for auto and non auto industry.
Ahmednagar Forgings is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. The company operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra.
