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Accuride sells Fabco automotive subsidiary

ABR Staff Writer Published 27 September 2011

Accuride (ACW), a supplier of components to the commercial vehicle industry, has sold its subsidiary Fabco Automotive (Fabco) to Fabco holdings, a new company formed and capitalized by Wynnchurch Capital (Wynnchurch) in partnership with Stone River Capital Partners (SRCP).

Fabco located in Livermore, California, produces steer drive axles, transfer cases, split shaft power take offs, and other products for the commercial severe-duty industry.

Accuride president and CEO Rick Dauch said throughout the company's history Fabco has consistently engineered and brought to market innovative solution-providing products, establishing it as a well-respected brand name in the severe-duty commercial vehicle industry.

"We intend to apply proceeds from the sale of Fabco to enhance our operational improvement initiatives and global growth plans," Dauch said.

BMO capital markets acted as the exclusive financial advisor to Accuride on this transaction.