Paksoy, Kirkland & Ellis, and Sidley Austin have advised Accuride Corporation, a US-based supplier of components to the commercial vehicle industry, on the acquisition of the Mefro Wheels GmbH. The sellers were advised by the Munich office of Gleiss Lutz.
Mefro Wheels is a privately-owned supplier of steel wheels to the European and Asian passenger car, light vehicle, and commercial vehicle industries, maintaining manufacturing operations in Germany, France, Turkey, Russia, and China.
“Combining our two businesses is a game-changing move that extends Accuride’s geographic reach and resources, and significantly builds our capacity to serve global OEM customers," said Rick Dauch, Accuride President and CEO. "In addition to doubling our core wheel business, we gain immediate positions in the European automotive market and the global off-highway equipment segment, creating multiple paths to generate additional organic growth.”
Headquartered in Evansville, Indiana, Accuride Corporation is a manufacturer and supplier of wheels and wheel-end components to the North American and European commercial vehicle markets.
The Paksoy team consisted of Partner Elvan Aziz, Counsel Derya Genc, and Senior Associates Serdar Ildırar and Deniz Ozkan.