VAN NUYS, CA — Superior Industries International said today it has completed the sale of its suspension components business to Saint Jean Industries, a French company. The company expects no material adjustment to the reserve recorded in the fourth quarter of 2005 in connection with this transaction.
"This sale is an important step in our restructuring plan that allows us to focus all of our attention on the opportunities and challenges in our core aluminum wheel business," said Chief Executive Officer Steven Borick.
For more information, visit: http://www.supind.com