Evansville, Indiana – Accuride Corporation – a leading supplier of components to the North American and European commercial vehicle industries with headquarters in Evansville, Indiana, and several facilities in the United States, including Erie, Pennsylvania – has reached an agreement to acquire KIC LLC. Headquartered in Vancouver, Washington, KIC is a leading supplier of wheel end components to the North American commercial vehicle industry.
The addition of KIC marks Accuride’s first acquisition under the supportive ownership of Crestview Partners, a leading New York-based private equity firm. Crestview acquired Accuride in November 2016 as a growth platform in the global commercial vehicle components industry. The transaction is expected to close in the current quarter of 2017.
“Combining the tremendous strengths of KIC and Accuride will enable us to increase competitiveness and expand into new market segments,” Accuride President and CEO Rick Dauch said. “Our similar product and technology offerings mesh well; while the combination of our highly complementary business models gives us greater capacity and ability to flex up and down in response to industry cycles and customer demand.
Accuride’s Erie facility, at 1015 East 12th Street, consists of 412,000 square feet and is located on 25 acres.
For more information, visit www.accuridecorp.com.