Accuride Corp. has sold its subsidiary Fabco Automotive Corp. to Fabco Holdings, a new company formed and capitalized by Wynnchurch Capital in partnership with Stone River Capital Partners.
Located in Livermore, Calif., Fabco produces a broad range of steer drive axles, transfer cases, split shaft power take-offs, and other specialty products for the commercial severe-duty industry.
BMO Capital Markets acted as the exclusive financial advisor to Accuride on this transaction.
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