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Media Adviser: Sally Lane. For all Media Enquiries Email media@rimstock.com Tel: + 44 (0)121 524 3014 / +44 (0)7824 389738

ITALIAN STYLE & LUXURY – IN A WORLD-CLASS ALLOY WHEEL

  •  RIMSTOCK APPOINTED EXCLUSIVE DISTRIBUTOR FOR ITALIAN LUXURY WHEEL MAKER, GMP

 

GMP Group has appointed Rimstock Limited as its exclusive distributor of their premium aftermarket alloy wheel range in the UK.

GMP Group specialise in the design and manufacture of vehicle tailored, premium alloy wheels, under the brand GMP Italia, and will further strengthen Rimstock’s own aftermarket sales range, which includes the revered Team Dynamics and Pro-Race alloy wheels.

GMP is a design-focused manufacturer of high-quality alloy wheels, and in recent times, has strengthened investment aimed to support the increase of both technical and production technology, whilst delivering the style and innovation you’d expect from a ‘Made in Italy’ philosophy.

Headquartered at the centre of the UK’s automotive industry, Rimstock design, manufacture, and supply alloy wheels, worldwide, to more than 40 countries.

The Group’s leading aftermarket alloy wheel brand, Team Dynamics is particularly eminent amongst the global motorsport community, and its support of several internationally prominent motorsport series including the British Touring Car Championship.

From the stylish GMP Atom – primarily designed for the Audi vehicle range, to GMP Stellar - a perfect blend of elegance and sportiness - originally tailored to the Mercedes-Benz range, but with the newly introduced 22” wheel, Porsche, Range Rover, Volvo, Audi and VW owners now have the chance to enhance their cars with a touch of elegance.

Where GMP’s Reven projects a sporty design to meet the demands of all BMW owners, design meets strength in the GMP Dynamik and becomes the new benchmark in the field of high-quality alloy wheels aimed at SUV BMW and Range Rover enthusiasts who want to be noticed.

GMP alloy wheels come in a range of finishes and rim sizes, tailored to premium vehicle marques with prices starting at £132 per rim. Wheel and tyre packages are also available by calling 0121 524 3031.

Commenting on today’s announcement, Rimstock’s Sales Director, Darryl McNey said:

“We are delighted to be partnering with GMP to manage the UK’s exclusive distribution of the GMP Italia alloy wheel range.  The marque’s specific designs are tailored perfectly for today’s luxury vehicles, complementing our Team Dynamics range, and will give our customers a far wider premium alloy wheel choice. 

“As a premium wheel manufacturer ourselves, we have exacting standards and rigorous testing practices, and GMP’s manufacturing plant in Italy met with all our qualifying criteria, with the added confidence of TUV approval on their alloy wheel range.”

Marco Finazzi, Design Director at GMP Group Srl added:

“We are delighted to make this announcement, as we share with Rimstock, a mutual ambition to produce and deliver the highest quality alloy wheels. With such an eminent partner, Rimstock’s vision and enthusiasm to bring our products to the UK will further both of our company’s progress in market share of the premium aftermarket wheel sector. We are sure this will be a long-term and successful collaboration.

 “Today, after 15 years of activity, we are proud to see our brand and products on an international platform and, thanks to trusted-partners like Rimstock, we are sure to achieve our Global aspirations,” added  Finazzi.

To find out more about the GMP alloy wheel range, you can visit rimstock.com, telephone 0121 524 3031 or email GMPwheels@rimstock.com.

RIMSTOCK ANNOUNCE NEW OWNERSHIP

  • Acquisition of British alloy wheel manufacturer will accelerate expansion

  • Former Automotive lead at McKinsey & Company - Glenn Mercer - joins Rimstock board

WEST MIDLANDS, UK – JUNE 9, 2016 – Rimstock Plc (“Rimstock”) announced today that it has been acquired by Global investment firms, Safanad and Current Capital, together with British entrepreneur, David Roberts.

As the UK’s only premier manufacturer and supplier of forged and cast aluminium wheels, Rimstock operates one of the most advanced design and manufacturing facilities in Europe.

From OEM customers to motorsport, the defence sector, and its own aftermarket offerings under the Team Dynamics brand - Rimstock manufactures high quality, lightweight and optimised forged and cast alloy wheels, exporting to more than 40 countries. The company and its brand, Team Dynamics, is synonymous with motoring and motorsport - supporting the prestigious British Touring Car Championship and 30 other prominent motorsport championships around the world.

The acquisition includes subsidiaries in France, Germany and the United States.

Safanad, a global principal investment firm, is partnering in this acquisition with Current Capital, a New York based investment and management services firm with significant global automotive expertise, and David Roberts, an automotive executive veteran, who has successfully operated several middle market industrial and automotive businesses. The business will remain headquartered in West Bromwich, UK.

The Executive team will be led by David Roberts as Executive Chairman, and Stephen Lane will continue in his role as Managing Director and Chief Executive Officer, within the new organisation. 

In 2015, Rimstock successfully secured over £3 million from the UK Government’s Regional Growth Fund and has already commenced implementing the plans outlined in the application, with further announcements to be made in the near future.

Stephen Lane, Managing Director and Chief Executive Officer, Rimstock, says:

“Entrusting over 30 years of British excellence to the new team here at Rimstock is an immense opportunity to accelerate the company’s aspirations - to be Europe’s leading alloy wheel manufacturer.  Central to this acquisition is the financial commitment made by the new owners which will be fundamental in further developing and expanding the business.

We have already secured more space close to our West Bromwich facility, and those expansion plans have already been shared with our key customers, who have been impressed with our aspirations.”

David Roberts, the Executive Chairman, Rimstock, commented:

"I am excited to work with Stephen Lane, to continue to provide the most advanced automotive wheels to our global customers who are the leading luxury brands in the industry,

Steve Neal founded and developed a wonderful company. Rimstock now has strong financial sponsors with a wealth of knowledge in the industry.”

Craig Kahler, Director of Private Equity at Safanad, added:

“We are delighted to team with Current Capital, who has had substantial experience and success in automotive investing and Board service. I am very pleased that Glenn Mercer, an Advisory Board Member at Current Capital and former Partner - Automotive at McKinsey, and Jonathan Foster will join the Board of Rimstock.  

Safanad very much looks forward to its partnership with Current Capital and David Roberts, as we help Rimstock leverage its history and capabilities to become an even stronger supplier to global automotive manufacturers.”

Jonathan Foster, Founder and a Managing Director of Current Capital, said:

“We are excited to join Safanad, David Roberts and the entire Rimstock team to help accelerate growth. This is our firm’s second automotive investment; we have also completed a number of management services projects in this sector. Rimstock’s strong brand and commitment to new technologies, along with the increasing importance of wheels to differentiate automobiles, positions the company well for continued success.” 

ENDS

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