Clearlake-backed Wheel Pros Acquires Borbet Auburn Manufacturing Facility
August 24, 2020
Wheel Pros, a Clearlake-backed designer and distributor of automotive aftermarket wheels, has acquired the assets of the Borbet manufacturing facility in Auburn, Alabama. The acquisition converts the plant to aftermarket cast wheel production, expands Wheel Pros' domestic manufacturing footprint alongside its York, South Carolina facility, and is expected to create over 300 full-time jobs while helping reach a run-rate of ~1.5 million wheels annually across the company's U.S. operations.
- Buyers
- Wheel Pros, Clearlake Capital
- Targets
- Borbet Auburn Facility (assets of Borbet Alabama, Inc.)
- Sellers
- Borbet (Borbet Alabama, Inc.)
- Platforms
- Wheel Pros
- Industry
- Manufacturing
- Location
- Alabama, United States
- Transaction Type
- Addon
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