SOUTHFIELD, Mich. — OEM wheel supplier Superior Industries International Inc. has launched a tender offer to buy Uniwheels A.G., the No. 3 supplier of OEM aluminum wheels to European car makers and Europe's leading producer of aftermarket aluminum wheels.
Superior's offer for Bad Dürkheim, Germany-based Uniwheels is valued at about $715 million. Uniwheels operates two plants in Germany and three in Poland, with combined capacity of 10 million wheels.
A combined Superior/Uniwheels would generate about $1.2 billion in annual sales, Superior said. Uniwheels reported sales in 2016 of $494 million, split roughly 80/20 OE/aftermarket.