Mefro Wheels GmbH
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Mefro Wheels GmbH - overview
Established
1991
Location
Solingen, -, Germany
Primary Industry
Automobiles, Other Vehicles & Parts
About
Mefro Wheels GmbH specializes in the production of high-quality wheel solutions for the automotive industry, providing innovative products that enhance vehicle performance and safety across various applications. Founded in 1991 in Solingen, Germany, Mefro Wheels GmbH focuses on manufacturing wheels for automotive applications. In June 2017, Accuride Corporation agreed to acquire Mefro Wheels, completing the transaction in June 2018, integrating it into its operations as part of a strategic growth initiative. Mefro Wheels GmbH manufactures a comprehensive range of steel and aluminum wheels for both commercial vehicles and passenger cars.
Their products are engineered to meet rigorous safety and performance requirements, catering to automotive manufacturers, fleet operators, and aftermarket distributors, with distribution channels spanning Europe, North America, and Asia. In the most recent year, 2017, Mefro Wheels GmbH reported a revenue of USD 467. 60 mn and an EBITDA of USD 13. 46 mn.
The company primarily generates revenue through direct sales to automotive manufacturers and aftermarket clients, engaging in B2B transactions structured around bulk orders and customized solutions. Following its acquisition by Accuride Corporation, Mefro Wheels GmbH aims to leverage its resources for product innovation and market expansion. The company plans to enhance its product lineup with new wheel designs targeted for launch within the next year. Furthermore, Mefro intends to penetrate new markets in Asia and North America by the end of 2019, utilizing recent funding to support these initiatives and boost its competitive edge.
Current Investors
Accuride Corporation
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.mefro-wheels.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Mefro Wheels GmbH - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 |
|---|---|---|---|---|---|
| Revenue (USD) | 491,621,000 | 445,768,000 | - | - | - |
| % Revenue Growth (YoY) | - | (9.3%) | - | - | - |
| EBITDA (USD) | 19,111,000 | 12,403,000 | - | - | - |
| Operating Income (USD) | (32,971,000) | (11,249,000) | - | - | - |
| Operating Margin | (6.7%) | (2.5%) | - | - | - |
| % EBITDA Margin | 3.9% | 2.8% | - | - | - |
| NET Income (USD) | (42,118,000) | (20,937,000) | - | - | - |
| % Net Margin | (8.6%) | (4.7%) | - | - | - |
Mefro Wheels GmbH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Mefro Wheels GmbH | - |
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Mefro Wheels GmbH - employee data
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