Wheel manufacturer BBS intends to gradually withdraw from the original equipment segment and concentrate on aftermarket business. This decision was announced by Stefan Prutscher, regional secretary of the IG Metall trade union. According to the union, BBS will cut 160 jobs at its Schiltach and Herbolzheim sites in Germany. The wheel manufacturer, which filed for bankruptcy for the third time in summer 2020, will retain 280 jobs.
KW automotive GmbH intends to acquire wheel manufacturer BBS, and signed a contract to this end late last year. The deal is still subject to a number of contractual conditions that should be met in the near future. The company anticipates taking over the BBS brand in June 2021 together with a minority shareholder, entrepreneur Mathias R. Albert. The parties have agreed not to disclose the purchase price.