Superior Industries International, Inc.
-A supplier of cast and forged aluminum wheels to the automobile and light truck manufacturers.
-The company commenced a tender offer for 100% of the outstanding shares of UNIWHEELS AG on March 23, 2017. This tender offer was being commenced in connection with an agreement by the owner of 61% of the outstanding UNIWHEELS shares. The aggregate equity purchase price, assuming all outstanding shares are tendered, was anticipated to be approximately USD 715 million. The tender offer closed around the end of May 2017. Headquartered in Germany, UNIWHEELS is the third largest supplier of aluminum wheels to the European OEM automotive market. UNIWHEELS’ primary customers include Audi/Bentley/Porsche/Skoda/Volkswagen, BMW, Jaguar Land Rover, Mercedes/AMG, PSA Group, Volvo, among others.
-Listed on New York Stock Exchange.
-Cast aluminum and flow formed wheels
|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