Accuride Corp. is in the process of acquiring Mefro Wheels GmbH, expanding its global presence.
Headquartered in Solingen, Germany, Mefro Wheels is a privately-owned supplier of steel wheels. The company provides products to both the European and Asian passenger car, light vehicle and commercial vehicle markets.
The pending addition of Mefro Wheels marks Accuride’s second major acquisition under the ownership of Crestview Partners, which acquired Accuride in November 2016.
“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,” said Rick Dauch, Accuride president and CEO. “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.”
The transaction is still subject to applicable anti-trust approvals.
