Germany, June 20 -- Walor North America Inc., part of the FerrAl United Group and ultimately owned by Mutares SE & Co. KGaA, has signed an agreement to acquire TSM Corporation ("TSM"), a leading U.S.-based manufacturer of precision machined components and value-added assemblies, from private equity firm HCI Equity Partners and other minority shareholders. The transaction, envisaging a simultaneous signing and closing, will strengthen the Automotive & Mobility segment of Mutares and its presence in the North American market.Headquartered in Auburn Hills, Michigan, with an additional production facility in Ramos Arizpe, Mexico, TSM specializes in the production of complex, close-tolerance steel and aluminium components for a wide range of app...