Accuride Announces Two Board Appointments
Accuride Corp. has announced the appointments of Donald Johnson, Jr. and Craig Muhlhauser to its board of directors. Johnson has also been appointed to the board’s audit committee. The appointments are effective immediately. Johnson is currently president and chief executive officer of Aftermarket Technology Corp. (ATAC), a leading remanufacturer of a wide range of automotive drivetrain products. Prior to joining ATAC, Johnson was global director, parts, supply and logistics at Ford Motor Co. He was an executive at Caterpillar, prior to joining Ford.
Accuride Announces Executive Management Appointments
Accuride Corp. this week announced several executive management appointments and redistribution of responsibilities, which are effective immediately. Jamie Greene, member of KKR, LLC, and chairman of Accuride’s Board, said the appointments “… are a natural evolution of top leadership responsibilities at Accuride.”
Klein Appointed Vice President/General Manager Accuride Aluminum Wheels
Accuride Corp. has appointed Richard (Rick) Klein to vice president/general manager of Accuride Aluminum Wheels. Accuride has aluminum wheel manufacturing plants located in Erie, PA, and Cuyahoga Falls, OH. Since early 2004, Klein has served as Accuride’s director of operations at the Erie Plant.
Accuride Realigns Sales Force
Accuride Corporation announced that it has realigned its sales force to maximize customer service and responsiveness.
Accuride Announces Executive Appointments
Accuride Corporation announced that it has appointed Robert (Bob) Nida to senior vice president / operations for steel and aluminum wheels, Gunite Corporation and Brillion Iron Works.
Accuride Corporation Reports Second Quarter Results for 2005
Accuride Corporation announced net sales of $342.8 million for the second quarter ended June 30, 2005. This compares to net sales of $120.6 million for the second quarter of 2004. For the six months ended June 30, 2005, net sales were $615.4 million compared to net sales of $232.0 million for the same six-month period in 2004.
Accuride Corporation Reports First Quarter Results
Accuride Corp. has announced net sales of $272.6 million for the first quarter of 2005, which ended on March 31. This compares to net sales of $111.4 million for the first quarter of 2004, an increase of 144.7 percent, according to the company. Net income for the quarter was $0.2 million, or 1 cent per diluted share, compared to $4.6 million, or 30 cents per diluted share, for the first quarter of 2004.
Accuride Stock Begin Trading on NYSE
The common stock of Accuride Corp., a supplier of commercial vehicle components, will begin trading today on the New York Stock Exchange. Accuride’s common stock will be traded under the symbol “ACW.”
Accuride Completes Acquisition of Transportation Technologies Industries
Accuride Corp., one of North America’s largest manufacturers and suppliers of wheels for heavy/medium trucks and commercial trailers, has announced the completion of its acquisition of Transportation Technologies Industries, Inc. (TTI). TTI is a large, North American manufacturer of truck components for the heavy and medium-duty trucking industry. Terry Keating, Accuride’s current president and CEO, will serve as president and CEO of the combined company, which is headquartered in Evansville, Ind. Accuride officials said they expect the company to become one of the largest suppliers to the heavy/medium commercial vehicle industry.
Accuride to Acquire Transportation Technologies Industries, Inc.
Heavy duty wheel maker Accuride Corp. has signed a definitive agreement to acquire Transportation Technologies Industries, Inc. (TTI), one of the largest North American manufacturers of truck components for the heavy and medium-duty trucking industry. The common stock of both companies is privately held. With the merger, the two companies hope to become a “one-stop component sourcing solution and expects to become one of the predominant suppliers to the heavy/medium commercial vehicle industry,” according to a press release issued this week.