Terms of the transaction were not disclosed.
The company plans to convert the factory to produce Accuride-branded wheels for the commercial vehicle market.
“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 CEO.
“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,” he says.
The addition of the plant will augment efforts already underway to increase capacity at its Erie, Pa. facility and introduce aluminum wheel production at its Monterrey, Mexico factory.
The company plans to cease production in Camden for about 30 days to convert production to its own line and to integrate with existing Accuride manufacturing systems and controls along with its customer order management and sales programs.
“We look forward to working with the Camden team members as we begin the integration process,” Dauch says.
In addition to wheels Accuride’s products include wheel-end components and assemblies, truck body and chassis parts and other commercial vehicle components marketed under the Accuride, Gunite, Imperial, Fabco, Brillion and Highway Original brands.
For more information, visit www.accuridecorp.com.
