BRILLION, WI – November 2, 2010 – Accuride Corporation (OTCBB: ACUZ), a leading manufacturer and supplier of commercial vehicle components, today announced the sale of its Brillion Farm Equipment division to Landoll Corporation.
Accuride acquired Brillion Farm Equipment in 2005 as a portion of its acquisition of Transportation Technologies Industries, Inc. Brillion Farm Equipment manufactures a full line of tillage, seedbed preparation, and seeding equipment.
“While Brillion Farm Equipment is an excellent business, the sale of the company is in direct support of our corporate strategic objectives,” said Bill Lasky, Accuride’s President, CEO, and Chairman of the Board. “The agricultural equipment market is inconsistent with our core focus on the commercial vehicle industry. The Brillion Farm Equipment brand and people who are transferring with it will be much better served with Landoll’s ownership and focus.”
“We believe the Brillion Farm Equipment product line is an ideal fit with Landoll’s reputation for quality products and brand recognition within the industry,” says Don Landoll, president and founder of Landoll Corporation. “We’re also confident the acquisition fulfills part of our goal to expand and diversify our agricultural product line in order to better fill the needs of today’s top producers.”
Brillion Farm Equipment manufactures a full line of tillage, seedbed preparation, and seeding equipment made for today’s top producers. Brillion equipment is designed to be durable, long-lasting and productive in a wide range of environments.
Landoll Corporation is a world-class producer and distributor of manufactured products, serving clients in the industries of transportation, agricultural equipment, material handling, OEM and government.
Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Accuride’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies, and other commercial vehicle components. Accuride’s products are marketed under its brand names, which include Accuride®, Gunite®, ImperialTM, Bostrom®, FabcoTM, BrillionTM, and Highway Original®. For more information, visit Accuride’s website at http://www.accuridecorp.com.