Heuking
  March 29, 2017 - Germany

Superior Industries Start Takeover of the German Uniwheels AG

A team led by Dr. Guido Hoffmann, LL.M., has been involved in structuring the transaction, corporate, labor and commercial law in a takeover offer for the German wheel manufacturer Uniwheheels Questions and due diligence. The takeover offer is valid for 100 percent of the outstanding Uniwheheels shares and takes place with the consent of the owner of 61 percent of the shares. The takeover is conditional on Superior acquiring at least 75 percent of the shares in Uniwheels AG. The transaction has a volume of approximately 712 million dollars and is expected to be completed by the end of May 2017.

With the merger of the two companies, one of the world''''s largest producers of aluminum wheels is being created with a total production capacity of more than 20 million light-alloy wheels per year. According to Superior Industries, the existing Uniwheels locations in Europe are to be retained.

Superior Industries International, Inc., based in Wall Street, is based in Southfield, USA, and is the largest manufacturer of aluminum wheels for passenger cars and light commercial vehicles in North America. The company supplies the original equipment market with aluminum wheels - the customers include BMW, Ford, Tesla, Toyota and Volkswagen.

Uniwheels AG is the third largest supplier of OEM wheels for the automotive industry in Europe and a leading manufacturer of light-alloy wheels for the European accessory market and is listed on the Warsaw Stock Exchange. The company includes brands such as ATS, RIAL, ALUTEC or ANZIO. The company has three production plants in Poland and one in Germany.