Cevher Group Purchase Remaining Subsidiary Shares

Turkey’s Cevher Dokum Sanayii aluminium foundry was acquired in its entirety on June 19 by sister alloy wheel company Cevher Jant Sanayii, who purchased the 18 per cent minority shareholding in Cevher Dokum held by Teksid S.p.A. The Ozyauz family, owners of Cevher Jant, now has full control over the entire Cevher Group. The Cevher Group of companies, established in 1955, supply OE wheels to a number of carmakers, including Vauxhall, Volkswagen, BMW, Audi and Volvo.