EVANSVILLE, Ind. — Accuride Corp. is buying Mefro Wheels G.m.b.H., a privately owned supplier of steel wheels to the European and Asian passenger car, light vehicle and commercial vehicle industries.
“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,” Accuride President and CEO Rick Dauch said.
Financial terms of the pending deal were not disclosed; the transaction is subject to applicable antitrust approvals.
Solingen, Germany-based Mefro Wheels operates three plants in Germany, two in Russia and one each in France, Turkey and China. Employment stands at 3,000-plus.