Lacks Enterprises Acquires Majority Stake in Forgeline Motorsports
August 9, 2024
Lacks Enterprises Inc., a family-owned tier-one wheel supplier, has acquired a majority stake in Forgeline Motorsports, a custom forged-aluminum wheel manufacturer based in Dayton, Ohio. The Forgeline co-founders David and Steve Schardt will retain a minority stake; the deal is intended to expand Forgeline's manufacturing and R&D capacity while giving Lacks access to Forgeline's aftermarket expertise and new in-roads to the OEM market.
- Buyers
- Lacks Enterprises Inc.
- Targets
- Forgeline Motorsports
- Sellers
- David Schardt, Steve Schardt
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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