Superior Industries International, Inc.
Company Profile
Business Overview
-The Company designs and manufactures aluminum wheels for OEMs the North American and European markets as well as for the European aftermarket. The Company is one of the world’s largest aluminum wheel suppliers to global OEMs and the European leader in manufacturing aluminum wheels for the European aftermarket. Sales of OEM aluminum wheels accounted for approximately 94% of the Company’s total sales in the fiscal year ended December 31, 2022.
-The Company is organized into two reporting segments based on its operating regions. The Company’s segments consist of the North American region and the European region.
-In November and December 2022, M2 Capital Partners Limited, a private equity firm, issued releases announcing its intent to begin a tender offer to acquire all of the Company’s outstanding shares. However, through January 2023, M2 Capital Partners has not filed the necessary documentation to commence the tender offer, nor has it engaged in any discussions with the Company about the potential offer.
Competitors
- Alcar
- ATU
- Borbet
- Brock
- Central Motor Wheel
- CITIC Dicastal
- CMS
- Enkei
- Hands Corporation
- Mak
- Maxion Wheels
- Prime Wheel Corporation
- Ronal
Shareholders
-The Company is listed on the New York Stock Exchange.
Products
Aluminum wheels
-Cast aluminum wheels
-Flow formed aluminum wheels
-Forged aluminum wheels
Finishes
-Diamond cut/bright machined wheels
-Polished face with painted window wheels
-Fully painted wheels
-Premium painted wheels
-Polished wheels
-Chrome clad wheels
-Mirror finished ultra bright machined wheels
-PVD wheels
History
| 1969 | Established in Delaware, USA. |
| 1970 | Acquired Aves Manufacturing Co. |
| Jan. 1971 | Acquired Industrias Universales Unidas De Mexico, S.A. |
| Dec. 1972 | Acquired Monarch Die Casting Corp. |
| Jan 1973 | Entered into the OEM road wheel business. Acquired Ideal Manufacturing Co. |
| Sep. 1980 | Sold its 50% interest in Ideal Algonquin Ltd. |
| Aug. 1986 | Acquired NT & M Corp. |
| 1994 | Reincorporated in California, USA. Built its first plant in Chihuahua, Mexico to manufacture wheels. Completed construction of a new chrome plating wheel facility in Fayetteville, Arkansas. |
| 1995 | Entered into a 50-50 joint venture, Suoftec Light Metal Products, Ltd., with German based Otto Fuchs Metallwerke to establish a European manufacturing facility. |
| 1996 | Acquired the "Perfection " product lines from Walker Manufacturing Company. Established a joint venture, Astechnology, Inc. with Alumax Inc. |
| 1997 | Obtained its first non-wheel aluminum automotive components order, a transmission support bracket for the Oldsmobile Intrigue. |
| 1998 | Entered into an exclusive licensing agreement for a unique proprietary "hybrid" aluminum casting/forging technology called "Cobapress". |
| 1999 | Purchased a facility in Heber Springs, Arkansas. |
| Jan. 2003 | Discontinued selling aftermarket products and sold the remaining inventory to another company. |
| 2006 | Discontinued its chrome plating business located in Fayetteville, Arkansas. Sold substantially all of the assets and working capital of the aluminum suspension components business to Saint Jean Industries, SAS, from whom the Company licensed the Cobapressa technology. |
| 2007 | Ceased wheel manufacturing operations in Johnson City, Tennessee. |
| 2008 | Ceased wheel manufacturing operations in Pittsburg, Kansas. |
| Jun. 2009 | Ceased wheel manufacturing operations in Van Nuys, California. |
| Jun. 2010 | Sold its entire stake in Suoftec Light Metal Products Production & Distribution Ltd. (Suoftec) in Hungary to Otto Fuchs KG (German), a joint venture partner. |
| Acquired 8.7% shares of Synergies Castings Limited, an aluminum wheel manufacturer based in India. | |
| 2013 | Established 4th Aluminum Wheel facility in Mexico Chihuahua. |
| Dec. 2014 | Closed Aluminum wheel facility in Rogers, Arkansas, USA. |
| 2015 | Moved headquarters to Southfield, Michigan from California. |
| May. 2017 | Commence a tender offer for 100% of the outstanding shares of UNIWHEELS AG. The aggregate equity purchase price, assuming all outstanding shares are tendered, was approximately USD 715 million. |
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2006
>>>Business Report FY ended Dec. 31, 2007
>>>Business Report FY ended Dec. 31, 2008
>>>Business Report FY ended Dec. 31, 2009
>>>Business Report FY ended Dec. 31, 2010
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss