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Behind The Ch. 11 Filing Of Wheel-Maker Accuride

By Yun Park · October 22, 2024, 6:02 PM EDT

Wheel manufacturer Accuride Corp. became the latest private equity-backed company to hit bankruptcy due to the strain of inflation and supply chain problems when it followed fellow wheel company Wheel Pros....

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Bankruptcy Scorecard

Summary

Wheel manufacturer Accuride Corp. filed for Chapter 11 protection in Delaware bankruptcy court with up to $1 billion of debt and an agreement to restructure its U.S. business, saying supply chain snarls and a rise in the cost of parts have cut into profits.

Case Number

1:24-bk-12289

Judge

Kate Stickles

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Between $500 million and $1 billion in debt

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Related Sections

Case Information

Case Title

Accuride Corporation

Case Number

1:24-bk-12289

Court

Delaware

Nature of Suit

Date Filed

October 09, 2024

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