Accuride Announces Sale of its Fabco Automotive Subsidiary
Located in Livermore, Calif., Fabco produces steering drive axles, transfer cases, split shaft power take offs and other specialty products for the commercial severe-duty industry.
Accuride Appoints Charles Byrnes Senior Vice President, Sales and Marketing
Byrnes takes over the role formerly held by Rick Schomer, who has left Accuride to pursue other professional opportunities.
Accuride Reports Sales Increase of 26.9 Percent Versus Prior Year Quarter
Combined net sales for the six months ended June 30 were $467 million, which was an increase of 28.1 percent, compared to net sales of $364.6 million for the six months ended June 30, 2010.
Kamylon Capital Sells Portfolio Company to Accuride Corp.
Forgitron designs, manufactures and distributes rotary-forged aluminum wheels for the Class 8 truck market.
Accuride Joins Russell 2000 Index
The annual reconstitution of Russell’s U.S. equity indexes captures the 3,000 largest U.S. stocks, ranking them by market capitalization to create the broad market Russell 3000 Index. The Russell 2000 Index is a subset of the Russell 3000 Index and measures the performance of the small-cap segment of the market.
Accuride Acquires Forgitron Technologies LLC
Acquisition increases Accuride’s aluminum wheel production capacity.
Accuride Reports Results for Fourth Quarter, Full Year 2010
Company says sales increased 34 percent versus prior year.
Rick Dauch Named Accuride’s President and CEO
Dauch succeeds Bill Lasky, who has served as interim president and CEO since September 2008. Lasky has also served as chairman of the board since January 2009 and will continue in that role.
Accuride Announces Sale of Bostrom Seating
Bostrom supplies seating products for the North American heavy-truck, aftermarket, bus and specialty vehicle markets.
Accuride Announces Exchange Offer for 9.5 Percent First Priority Senior Secured Notes
The exchange offer is being conducted to satisfy the company’s obligations under the terms of a registration rights agreement entered into in connection with the issuance of the Outstanding Notes and does not represent a new financing transaction.