INDUSTRY NEWS
Accuride Acquires Italian Wheel Manufacturer
Accuride Corporation, Evansville, Ind., a supplier of
components to the commercial vehicle industry includ- ing specialty cast-iron components, announced it has acquired a majority stake in steel wheel manufacturer Gianetti Ruote S.r.l., from the MW Italia wheels divi- sion 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 headquarters and principal manufacturing and engineering facility outside of Milan. “Acquiring a majority stake in Gianetti Ruote estab-
lishes Accuride as a tier-one wheel supplier to Europe’s leading commercial vehicle OEMs,” Accuride President and CEO Rick Dauch said. “Te partnership enables us to strengthen relationships 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 majority equity.
INDUSTRY NEWS
CORE AND MOLDING SANDS Trust your most complex cores to INCAST®
The acquisition will give Accuride a European presence to go alongside its U.S.-based iron casting facilities (above).
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® INCAST and UNIMIN are registered trademarks. All rights reserved. ©2014 December 2015 MODERN CASTING | 11
combination of geometry, density and particle size distribution, INCAST improves critical core making and casting properties including binder utilization, permeability and dimensional stability. Higher strength cores, better surface finish and increased efficiency and yield are the INCAST advantages. These sands are engineered for the metalcaster.
For more information contact us:
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