He added that he plans to travel and vacation with his wife Julie along with family and friends, “but, the first thing I am going to do is grab a beach chair, an umbrella, a large iced green tea and watch the waves crash on the beach.”
Mr. Fordekian noted that “this is not like Carnegie steel selling out to J.P Morgan, but for us in the specialized world of used and reconditioned OEM wheels, it is huge — or at least for us it is.”
The deal gives 1-800EveryRim a total of 24 employees, but “maybe it will be 25 if my pal Norm gets bored with retirement,” Mr. Fordekian joked.
1-800EveryRim, which has been in business since 2007, operates out of a 30,000-sq.-ft. warehouse in Pico Rivera. Prior to founding the company, Mr. Fordekian previously founded Used Rim Inc. in 1987 but later sold that company.