Hayes Lemmerz Renames European Wheel Group
Hayes Lemmerz International has changed the name of its European Wheel Group to the International Wheel Group. The company said the new name is intended to reflect the increased global awareness and presence of the group. The International Wheel Group has undergone extensive growth in areas outside of Europe, including South Africa, India, Brazil, Thailand, Mexico and Turkey, according to Fred Bentley, president of Hayes Lemmerz’ International Wheel Group.
Hayes Lemmerz International Expands its Aluminum Wheel Presence
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. 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.