An agreement has been reached for Aurelius to purchase the GKN Wheels & Structures business.
The agreement includes the purchase of all GKN Wheels & Structures sites, including the company’s R&D Centres and the change in ownership is subject to regulatory approval.
GKN Wheels & Structures will benefit from the commitment and focus of Aurelius as it continues to grow as a significant player in the wheels industry. GKN Wheels & Structures will continue to focus on delivering its business growth plan and providing market leading products & solutions, first class quality, delivery and service to the company’s customers globally.
Abdul Butt, CEO, GKN Wheels & Structures commented, “This change in ownership will mean that we have a focused new owner and our priority is to continue delivering on our business plan and providing best in class technology, quality, delivery and service to our customers globally. The right product for the right application, at the right time. This is unchanged. We remain committed to delivering our business growth plans and putting our customers and employees at the heart of everything that we do.”