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Kamylon Capital Sells Portfolio Company to Accuride Corp.
July 18, 2011
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By aftermarketNews staff
WELLESLEY, Mass. – Boston-based Kamylon Capital has sold substantially all of the assets of its portfolio company, Forgitron Technologies, to Accuride Corp. Kamylon Capital is a private, principal investing firm that makes control equity investments in small- to middle- market businesses.

Forgitron designs, manufactures and distributes rotary-forged aluminum wheels for the Class 8 truck market. Assets included an 80,000-square-foot forging facility located in Camden, S.C. Kamylon restarted the once shuttered plant after acquiring the company through a 363 bankruptcy process in 2008.

“The acquisition of Forgitron Technologies by Accuride not only validates Kamylon’s investment thesis but as well proves what an operationally focused investment firm can accomplish,” said Todd Latouf, former president and CEO of Forgitron and Operating Partner of Kamylon Capital. “I am proud of the efforts and goals accomplished by the Forgitron team and look forward to seeing what they will accomplish at Accuride.”

The transaction closed on June 20.