Hayes Lemmerz Announces Sale of RTC
NORTHVILLE, Mich., Sept. 2 -- Hayes Lemmerz International, Inc. (BULLETIN BOARD: HAYZ) today announced the sale of its Reliable Transportation Components (RTC) center, located in Dallas, Texas to Nationwide Wheels, Inc. Hayes Lemmerz acquired RTC in June 1996. Terms of the transaction were not disclosed.
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Hayes Lemmerz RTC is a warehouse serving the RV, utility and live stock trailer industry. The business has five employees.
"The sale of RTC strongly supports our long-term strategy by helping us focus on the core businesses that deliver on our mission of satisfying our customers, being the lowest cost producer and having the best people," said Edward Kopkowski, President of Hayes Lemmerz Commercial Highway and Aftermarket Group.
Hayes Lemmerz International, Inc. is the world's leading global supplier of automotive and commercial highway wheels, brakes, powertrain, suspension, structural and other lightweight components. The Company has 43 plants, 3 joint venture facilities and 11,000 employees worldwide.
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