INDUSTRY news
Indiana Automotive Supplier Acquires Italian Wheel Manufacturer Accuride Corporation,
Evansville, Ind., announced it has acquired a majority stake in steel wheel manufacturer Gianetti Ruote S.r.l. Accuride, a supplier of components to the commercial
vehicle industry including specialty cast-iron components, has acquired a majority stake in the steel wheel manufacturer from the MW Italia wheels division of CLN S.p.A., Rivoli, Italy. CLN, through MW
Italia, will retain a minority interest in the business. The partnership provides
Accuride immediate long-term supply contracts with OEM customers in Europe. Gianetti Ruote will retain its headquar- ters and principal manufacturing and engineering facility outside of Milan. “Acquiring a majority stake in Gianetti Ruote establishes Accuride as a tier-one wheel supplier to Europe’s leading commercial vehicle OEMs,” Ac- curide President and CEO Rick Dauch said. “The partnership enables us to strengthen rela- tionships with our global OEM customers by serving their needs in Europe, build closer ties to key regional OEMs and grow Gianetti’s business. Accuride has agreed to invest
$21.6 million over the next three years to improve Gianetti’s manufacturing operations in exchange for its majority equity position. ■
Ohio Diecaster to Add 40 Jobs During Expansion
Apex Aluminum Die Casting,
Piqua, Ohio, has announced plans to hire 40 new employees during its transition to a 24-hour work day beginning Jan. 1, 2016. Cur- rently employing 120, the met- alcaster has seen demand spike and is recruiting for shop floor, supervisor and quality assurance positions. In addition to the expansion in
its workforce, Apex Aluminum is planning a $500,000 investment to expand its 100,000-sq.-ft. Piqua facility and a machining operation in nearby Troy, Ohio. Apex Aluminum produces
castings up to 18 lbs. for a variety of industries including heavy truck, electrical and industrial markets. ■
10 | METAL CASTING DESIGN & PURCHASING | Nov/Dec 2015
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