Superior Industries International, Inc.

Company Profile

■URL

https://www.supind.com/

■Address

26600 Telegraph Road, Suite 400 Southfield, MI 48033, USA

Business Overview

-The Company designs and manufactures aluminum wheels for OEMs the North American and European automotive markets as well as for the European aftermarket. The Company is one of the world’s largest aluminum wheel suppliers to global OEMs and one of the leaders 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, 2023.

-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.

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Products

Aluminum wheels
-Cast aluminum wheels
-Flow formed aluminum wheels
-Forged aluminum wheels
-Alulite mass reduction wheel technology
-R4 low-carbon 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
-DecoTech specialized wheel finishes
-Laser etched wheels
-Pad printed specialized wheel finishes
-Tinted clear coat wheel finishes
-Satin and matte clear coat wheel finishes

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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.
Jun. 2010	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.