Accuride Corporation sells Fabco subsidiary
Sep 28, 2011 11:41 AM
Accuride Corporation (NYSE: ACW), has sold its subsidiary Fabco Automotive Corporation (Fabco) to Fabco Holdings Inc, a new company formed and capitalized by Wynnchurch Capital in partnership with Stone River Capital Partners, LLC.
Located in Livermore, California, Fabco produces a broad range of steerable drive axles, transfer cases, split-shaft power take offs, and other products for the severe-duty segment of the commercial truck industry.
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