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Manufacturer acquires auto supplier
A local maker of automotive trim components has acquired an out-of-state supplier in the wheel market.
Cascade Township-based Lacks Enterprises said yesterday it acquired Kansas City, Kansas-based Emergent Carbon Wheels.
Terms of the deal were not disclosed.
“The Emergent acquisition allows Lacks to initially pursue new luxury and exotic sports car opportunities in North America, as well as globally,” said Nick Hrnyak, president, Lacks Enterprises. “It also enables us to continue building our technological and manufacturing competencies, while expanding our wheel business opportunities into new segmentation pursuits.”
Colin Snyder, founder of Emergent, will join Lacks as technology director, carbon fiber composites.
“We look forward to building upon our success in the automotive aftermarket and applying our technologies in the original equipment market,” Snyder said. “Emergent’s unique carbon fiber composite wheel technologies, along with Lacks’ market access and manufacturing expertise will allow us to make a meaningful impact in the emerging carbon fiber composite wheel market.”
Emergent will be integrated into Lacks’ existing wheel division.
Of its 10 employees, so far four “have elected to take jobs with Lacks Enterprises,” according to a spokesperson for Lacks.
Emergent will relocate from its existing facility to a new, undisclosed location, the spokesperson said.
Founded in 1961, Lacks Enterprises provides “complete turnkey solutions” in thermoplastic design, injection molding, plating, painting, assembly, logistics and supply chain management through its business units: Lacks Trim Systems, Lacks Wheel Trim Systems and Plastic-Plate.
The company also provides global export and distribution capabilities.
Emergent Carbon Wheels
Founded in 2012 by Colin Snyder, Emergent Carbon Wheels engineers and manufactures advanced carbon fiber barrels used in high-performance automotive wheels.
The lightweight wheel barrels are designed to provide several benefits: “greater fuel efficiency; reduced noise, vibration and harshness levels; increased acceleration and braking; and enhanced steering performance and feedback.”