Swiss based alloy wheel manufacturer Uniwheels has acquired the European interests of Germany’s ATS Group, former subsidiary of South African company Tiger Wheels. Included in the purchase are the company’s affiliated production factories in Germany and Poland as well as the globally recognised ATS brand name. We can only speculate at the purchase price – Uniwheels has chosen not to disclose this – and a separate solution is sought for the company’s US subsidiary, ATS Light Alloy Wheels (Alabama), Inc.
“With Uniwheels we have found an investor, who is taking over the shares of the subsidiaries of the insolvent ATS Beteiligungs GmbH,” commented Tobias Hoefer, representative of the Group’s insolvency administrator, Hack Hoefer. “With that in Europe all jobs and sites of the Group can be kept. This is the best possible result for the creditors and the employees.”
Swiss based alloy wheel manufacturer Uniwheels has announced it intends to purchase the European interests of Germany’s ATS Group. The acquisition will include the three ATS facilities in Germany, along with the company’s Polish subsidiary, which operates two factories. A separate solution for the company’s US subsidiary, ATS Light Alloy Wheels (Alabama), Inc. will be announced next week.
As a result of increasing internationalisation and the expansion of business, the Rial group has decided to bring all of its business that are not pure marketing companies under the one unified name. The new group will be called “Uniwheels United Wheels Group,” the company has reported. As a result Rial’s Polish production unit, Rial Aluguss, will immediately be renamed “Uniwheels Production (Poland) Sp.zo.o.” However the firm’s existing distribution companies (Rial Leichtmetalfelgen GmbH, Alutec Leichtmetalfelgen GmbH and ARC Alurad GmbH/Wheels24.com) will keep their existing names.