WHEEL PROS BUYS TSW WHEELS! (Is This GOOD or BAD For Our Industry?)
In the past couple of years, we had some pretty big conglomerates starting to happen in our industry. We had it happen with power performance companies such as Dinan. Dinan got bought up with Flowmaster, APR, Hurst, and a few other ones. A company by the name of MW Company had and carried brands like Forgestar, ADV.1, CCW, Weld, MOMO, and so on. That became a conglomerate in itself which ended up becoming a very big wheel organization and over the past few years you started to see it more and more and that leads to the very big one that happened last year—it broke the news in this industry and some of you might remember but it was a big conglomerate—Wheel Pros ended up making a $400 million dollar purchase of MHT. MHT (for those now aware) is a company that carried brands like Rotiform and basically, Wheel Pros acquired them. Wheel Pros is a MAJOR distributor for brands like Fuel, XD, and a lot of other off-road wheel companies. So they’ve got a big group of wheel brands underneath their name and that acquisition leads on to today’s recent news.