Accuride on Tuesday announced the company has acquired a majority stake in steel wheel manufacturer Gianetti Ruote S.r.l.
The partnership, Accuride says, gives them immediate long-term supply contracts with key global OEM customers in Europe.
“Acquiring a majority stake in Gianetti Ruote establishes Accuride as a tier-one wheel supplier to Europe’s leading commercial vehicle OEMs,” says Accuride President and CEO Rick Dauch. “The 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. We will improve the competitiveness and profitability of the business by combining select strategic investments with our rigorous quality and lean manufacturing systems to help the Gianetti wheel-production facility achieve world-class levels of quality and operational excellence.”
