LOS ANGELES--(BUSINESS WIRE)--The Gores Group today announced it has entered into a definitive agreement to sell Hay Group (“Hay”) to Musashi Seimitsu (“MSI”), a Japan-based manufacturer of automotive components. Hay, founded in 1925 and headquartered in Germany, is the largest producer of high precision forged and machined steel automotive parts in Europe and has long-standing relationships with the top European OEM makers and suppliers. The Gores Group acquired Hay in 2012. Over the past four
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