Alunimum wheel maker Accuride Corp. on Tuesday, June 21, announced that it has acquired substantially all of the assets of Forgitron Technologies, a portfolio company of Kamylon Capital. These assets include an 80,000-square-foot forged aluminum wheel manufacturing facility located in Camden, S.C. Accuride plans to convert the production of the facility to Accuride-branded aluminum wheels for the commercial vehicle market. Terms of the acquisition were not disclosed.
“This acquisition strengthens our core product offering by increasing our aluminum wheel capacity, giving us a close-to-customer production presence in the Southeast, and affording greater flexibility to balance production between three aluminum wheel plants,” says Rick Dauch, president and chief executive officer of Evansville, Ind.-based Accuride. “These significant benefits underscore our commitment to maximize production efficiency and offer high-value quality products to our customers, while generating stronger financial returns for our shareholders.”
The addition of the Forgitron facility in Camden will augment Accuride’s projects already under way to increase aluminum wheel capacity in its facility in Erie, Pa., and introduce aluminum wheel production in its facility in Monterrey, Mexico. Accuride plans to cease production in Camden for about 30 days to convert production to the Accuride brand and to integrate with existing Accuride manufacturing systems and controls, as well as customer order management and sales programs.
“We look forward to working with the Camden team members as we begin the integration process,” Dauch says.
