RIM Manufacturer

German Rim Manufacturing Company available for Acquisition at Discounted Value



Company Overview:
Germany based leading European manufacturer of high-performance casted light alloy wheels for premium OEM and aftermarket customers. The Company is highly acknowledged for its outstanding R&D capacities and continuously introduced product innovations (e.g. flow-forming, modular construction, or rim collision protector) and operates production facilities in Germany. The company has global sales of EUR 40-44 Mn and an expected normalized EBITDA of about EUR 4 Mn.
 
Products & Customers:
 
The wheels range from 16” to 22” with 90% being larger than 18”. Product offering organized in wheel lines differentiating in product quality and price.
 
The Company serves a prestigious customer base including OEMs such as Audi, Bentley, Mercedes, Porsche, and VW. Moreover, the Company supplies aftermarket customers in more than 40 countries (with a total amount of 2000 customers).
 
Investment Highlight:
 
  • The Company is key partner for premium OEM and automotive enthusiasts
  • Long-standing and trustful customer relationships with leading performance premium OEMs with the Company seen as supplier of superior light allow wheels
  • Strong product portfolio with key high-performance models of leading OEMs and exceptional footprint in strongly growing performance SUV segment
  • Strong presence in more than 40 countries worldwide through a diversified network of regional distributors and sales, clear focus on growth in Asian regions
  • Attractive acquisition price

Proposal:
The Company is looking for a strategic partner for a majority buyout, including a sale of the company. Currently, it is in reorganisation and likely to be sold at a discount to book value.