Uniwheels to Purchase European ATS Alloy Wheel Operations

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.

In its European operations ATS manufactures approximately five million alloy wheels per year, and Uniwheels some two million. ATS Beteiligungs was declared insolvent on July 13, 2007, following a request from directors and senior management of parent company, South Africa’s Tiger Wheels.