The champion for Monday's "wheel-end" market is Accuride Corporation.
With impressive products and now even more extended relations, Accuride and Mefro Wheels have come together, "tying the knot", so to speak.
The acquistion is the second for the American based company, and truly the beginning of a new era for the king of wheel-end components.
While based in Evansille, Indiana, the company services a wide geographical range not only in the North American regions, but also in areas of Europe as well. The merge will provide a growth of products and have a more extending outreach as per anti-trust permission that applies.
United with Mefro-Wheels, the giant supplier based in Solingen Germany, an administrative region of Dusseldorf houses operations in manufacturing in it's home country as well as it's neighbor in France, skipping to Turkey and Russia, then, crossing the seas to China. What a win-win merger for all; Business agreement and consumers alike.
Prosperous Accuride began it's active journey in November 2015 acquiring a majority stake with an Italian- based supplier, Gianetti Ruote S.r.l..
Under the umbrella of Crestview Partnership, based in New York, Crestview gained Accurate in late autumn of 2016. From there, an eclectic platform was born boasting numbers and locations for the commercial vehicle component field.
Serving needs, fulfilling orders, this U.S. based company is certainly reaching strides to make a momentous mark. Employing thousands, including from a 2017 acquestion of KIC LLC based in Vancouver, Washington, Accuride President and CEO Rich Daugh said “The strategic acquisition of Mefro Wheels will solidify Accuride’s position for future growth as a supplier of wheel end solutions to the global commercial vehicle industry, enabling us to better serve the needs of our global customers,” Dauch continued with “The addition of Mefro Wheels will extend Accuride’s geographic reach, expand our truck and trailer wheel offering in Europe, Russia and Asia and further diversify the end-markets we serve with passenger car and off-road construction and agriculture businesses. Combining our complementary product offerings, operations and customer relationships will enable us to serve as a dependable source of high-quality wheels and wheel-end components for our global customers across a broad range of on-road and off-road applications.”