SAN FRANCISCO (MarketWatch) — Hayes Lemmerz International Inc. said late Friday it has sold its MGG Group B.V. subsidiary to an affiliate of the ECF-Group, a privately held company based in Switzerland and The Netherlands. Financial terms of the deal were not disclosed. MGG Group’s three facilities make a variety of components including heat exchangers for gas-fired boilers, intake manifolds and other aluminum components for the European automotive, commercial vehicle and other industries. MGG’s annual sales for fiscal 2006 were roughly $140 million. Northville, Mich.-based Hayes Lemmerz does not expect the transaction to have a material impact on its fiscal 2007 forecast.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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