Aluminium Wheelmaker Superior Purchases UNIWHEELS for US$715 MM

Michigan aluminium wheel manufacturer Superior Industries International, Inc. is soon to acquire German aluminium wheel manufacturer UNIWHEELS AG. According to a press release by Superior, the total purchase price will be US$715 million, and the deal will close at the end of May 2017.

The transaction will have Europe’s third-largest supplier of original-equipment aluminium wheels and the largest supplier of aftermarket aluminium wheels coming into the fold of North America’s largest manufacturer of aluminium wheels. Superior counts BMW, FCA, Ford, General Motors, Mazda, Nissan, Subaru, Tesla, Toyota, and Volkswagen among its customers. UNIWHEELS produces such aftermarket brands as ATS, RIAL, ALUTEC, and ANZIO.

The deal is to be funded with a combination of debt, preferred equity, and balance-sheet cash. TPG Growth will be the preferred-equity purchaser.

“This is a highly transformative and synergistic transaction that will deliver meaningful benefits to all of the stakeholders and positions the combined company extremely well for future growth,” said Superior’s President and Chief Executive Officer Don Stebbins. “The acquisition immediately establishes us as a leading global supplier of aluminum wheels, diversifies our customer base and end markets, expands our geographic reach, and creates a platform to better serve our global customers. This is a remarkable opportunity for Superior, UNIWHEELS, and our collective employees and shareholders.”

“We are truly delighted to join forces with Superior. The combination brings together highly complementary product technologies and manufacturing processes, creating global scale and positioning the business for profitable and sustainable growth. The combination of UNIWHEELS’ and Superior’s management teams, its workforce and operations will strengthen relationships with OEMs throughout the world,” explained Chief Executive Officer and Chairman of UNIWHEELS’ Executive Board Dr. Thomas Buchholz.

“We are excited to be involved in this transformational transaction. Superior’s acquisition of UNIWHEELS creates a powerful, global platform that will integrate UNIWHEELS’ expertise in Europe with Superior’s expertise in North America,” said Ransom Langford, TPG Growth partner.



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