Accuride is Restructuring for Future Growth

Despite ongoing cost reduction efforts, the wheel and wheel-end businesses continue to be negatively impacted by challenging market conditions. Restructuring under Chapter 11 and CCAA will allow Accuride to continue serving its customers while exploring strategic options for the US and Canadian wheel, and wheel-end businesses. 

Accuride’s Mexican, European, and Asian operations are not affected. 

As we move through this process, Accuride will remain focused on safely manufacturing the best value products around the globe. 

About Chapter 11 and CCAA

• Chapter 11 is the part of the U.S. Bankruptcy Code that allows companies to implement financial restructurings through a court-supervised proceeding while continuing to operate their businesses in the ordinary course.  

• The CCAA is a Canadian federal law that lets companies restructure their business and financial affairs.  

• We anticipate restructuring being completed in 90-120 days, subject to court approval.  

• We are committed to keeping stakeholders informed as the process moves forward and will provide ongoing updates.