Century, Inc. has sold the assets of Century-3 Plus, LLC to Accuride Corporation. Quarton Partners acted as the exclusive investment banking advisor to Century, Inc. in this transaction.
Century-3 Plus has utilized internally developed patented technology to become a leader in advanced, aluminum based, selectively reinforced Metal Matrix Composites (“MMCs”) brake drums for the heavy truck and defense markets. The Subsidiary’s MMC aluminum brake drums provide a superior alternative to cast iron brake drums by offering significant weight reduction and improved performance. The light-weight technology can also be used to produce several components throughout a vehicle providing substantial weight savings.
Accuride Corporation, headquartered in Evansville, Indiana, is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, and specialty cast-iron components for a range of agricultural, construction and mining, and oil and gas equipment applications.