Accuride to acquire Transportation Technologies Industries

Accuride, a manufacturer and supplier of wheels for medium and heavy-duty trucks and trailers, has signed an agreement to acquire Transportation Technologies Industries, a manufacturer and supplier of components and subassemblies for the medium and heavy-duty truck market. TTI is a portfolio company of Trimaran Capital Partners, a private equity firm. After the transaction, Accuride stockholders will own 65 percent of the common stock of the combined entity, while TTI stockholders will own 35 percent of the common stock. The combined company will operate under the name Accuride and will be headquartered in Evansville, Ind. Terry Keating, president and chief executive of Accuride, will be president and chief executive of the combined corporation. Andy Weller, president and chief executive of TTI, will be executive vice president of the new company.