Metaldyne Performance Group (MPG) IPO Prices at $15, Below Expected Range

Metaldyne Performance Group Inc. (NYSE: MPG) announced the pricing of its initial public offering of 10,000,000 shares of common stock at a price to the public of $15 per share, below the expected $18-$21 range. The shares are expected to begin trading today on the New York Stock Exchange under the symbol "MPG."

All of the shares in the offering are being offered by an affiliate of American Securities LLC, ASP MD Investco LP. In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares.

BofA Merrill Lynch, Goldman, Sachs & Co., Deutsche Bank Securities Inc., Barclays Capital Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as lead co-manager for the offering and KeyBanc Capital Markets Inc. and Nomura Securities International, Inc. are acting as co-managers for the offering.

Metaldyne Performance Group Inc. is a leading provider of highly-engineered components for use in powertrain and safety-critical platforms for the global light, commercial and industrial vehicle markets. MPG produces these components using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier I suppliers. MPG's metal-forming manufacturing technologies and processes include aluminum die casting, forging, iron casting and powder metal forming as well as advanced machining and assembly. Headquartered in Plymouth, Michigan, MPG has a global footprint spanning 61 locations in 13 countries across North America, South America, Europe and Asia with approximately 12,000 employees.

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