DAYTON, Ohio (Feb. 19, 2002)—Dayton Wheel Products Inc. has been purchased by Charles D. Schroeder, described by the company as an “auto enthusiast.”
Dayton Wheel Products, which manufactures and restores wire wheels, employs 43, all of whom will be retained, the company said.
Mr. Schroeder takes over the company after a 13-year stint with The Reynolds and Reynolds Co., bringing marketing and product development experience with him.
“If you do what you love, you'll never have to work a day in your life,” he said, noting his desire to take advantage of his passion for cars.
Mr. Schroeder's ownership is just the third in the history of the 86-year-old company, which operates in Centerville, Ohio.