NORTHVILLE, MI — Hayes Lemmerz International has purchased certain assets from Hayes Wheels de Mexico, S.A. de C.V. and sold its equity interest in Hayes Wheels de Mexico, S.A. de C.V., to DESC, S.A. de C.V.
Under terms of the agreement, Hayes Lemmerz purchased certain assets from Hayes Wheels Aluminio, S.A. de C.V., which operated a cast aluminum wheel plant in Chihuahua, Mexico. The Chihuahua aluminum wheel plant has been renamed “Hayes Lemmerz Aluminio, S. de R.L. de C.V.” and will be part of Hayes Lemmerz’ International Wheel Group. Hayes Lemmerz also sold its 40 percent equity interest in Hayes Wheels de Mexico to DESC, which owned a majority interest in the joint venture.
According to Fred Bentley, president of Hayes Lemmerz’ International Wheel Group, the transaction is a key step in the company’s strategy to focus on the growth market for aluminum wheels.
For more information about Hayes Lemmerz International, visit the company’s website: www.hayes-lemmerz.com.
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