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Ampco-Pittsburgh Subsidiary Exits UK Operations
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Ampco-Pittsburgh Subsidiary Exits UK Operations
Oct 15, 2025 3:03 PM

05:36 PM EDT, 10/15/2025 (MT Newswires) -- Ampco-Pittsburgh ( AP ) said late Wednesday that its subsidiary UES-UK has exited UK cast roll operations early, effective Oct. 14.

The early exit prevents substantial cash closure expenses and is projected to boost adjusted earnings before interest, tax, depreciation, and amortisation by $7 million to $8 million per year, the company said.

The company plans to deconsolidate UES-UK in Q4, expecting a $43 million to 45 million non-cash charge, partly offset by projected asset liquidation proceeds, it added.

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