Accuride Corporation sells Fabco subsidiary

Accuride Corporation (NYSE: ACW), has sold its subsidiary Fabco Automotive Corporation (Fabco) to Fabco Holdings Inc, a new company formed and capitalized by Wynnchurch Capital in partnership with Stone River Capital Partners, LLC.

Located in Livermore, California, Fabco produces a broad range of steerable drive axles, transfer cases, split-shaft power take offs, and other products for the severe-duty segment of the commercial truck industry.