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Accuride was founded in 1986 in order to acquire the wheel-making division of Firestone Tire & Rubber Company. [1] The purchase was orchestrated by Bain Capital under the direction of Mitt Romney . With Bain Capital as its new owners, Accuride revamped production and restructured executive pay, quickly boosting the company's profitability. [ 2 ]
In the deal, Dura absorbed Global Automotive Systems of suburban Detroit, also owned by Patriarch Partners, to form a parts supplier with global "sales of $1.6 billion and 10,800 employees in 39 manufacturing operations in 16 countries." [4] In October 2019, Dura Automotive Systems again filed for bankruptcy. [5]
SRG Global was established in 2009 after Guardian acquired Siegel-Robert Automotive, a manufacturer of electroplated plastic parts for the North American automotive industry. The new company brought together the global trim operations of Guardian Automotive and Siegel-Robert, forming a group that is one of the largest manufacturers of chrome ...
According to a 1994 Bangor Daily News article, the company was "made up of 14 distributing companies operating 64 Carquest Auto Parts Stores throughout the United States" at that time. [1] General Parts was the largest member with General Parts owning 1,400 out of Carquest’s 3,400 auto parts stores across North America by 2011. [5] O.
Get sweaters on sale for the whole family during Nordstrom's Half-Yearly Sale: Up to 60% off must-have brands. AOL. The best laundry detergent sheets of 2025. AOL.
On March 16, 1999, Lear announced it would acquire United Technologies Automotive, a subsidiary of United Technologies Corporation that produced dashboards, electrical distribution systems, motors and air-flow parts, interior door panels and switches, for $2.3 billion. [6] Lear announced on May 4, 1999, that it had completed the acquisition. [7]
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