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Hayes Lemmerz to Sell Georgia Facility to BBS Intl.

Hayes Lemmerz to Sell Georgia Facility to BBS Intl.

Wednesday, June 18, 2008
 
German automotive-wheel manufacturer BBS International GmbH has acquired all of the outstanding shares of Hayes Lemmerz Belgie B.V.B.A., including its factory based in Hoboken, Belgium. In addition, BBS will, early next year, take over operations at the Hayes Lemmerz wheel-manufacturing facility in Gainesville, GA, to support its non-OEM activities in the Untied States. Hayes Lemmerz had previously announced plans to close the Gainesville plant by the end of 2008. The transaction allows Hayes Lemmerz to reduce costs and focus on other high-growth regions, and it allows BBS to locally, economically and efficiently serve its U.S. customers.

 

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