Accuride Corp. (NYSE: ACW), backed by Crestview Partners, has agreed to purchase automobile parts manufacturer KIC LLC. Financial terms of the deal were not disclosed.
KIC supplies wheel-related parts for the North American commercial vehicle industry. The target's products are used for medium and heavy-duty trucks and trailers. Brake drums, rotors, hub and drum assemblies, steel wheels and aluminum wheels are among KIC’s portfolio of products. The Vancouver, Washington-based target supplies both original equipment manufacturers and aftermarket distributors from its nine distribution centers based in the U.S., Canada and Mexico.