industry vehicle components founded 1986 headquarters evansville indiana united states key people rick dauch president & ceo revenue 936m fy2011 number of employees 2800 website www.accuridecorp.com accuride international california an unrelated company is a manufacturer of drawer slides . accuride corporation is a diversified manufacturer and supplier of commercial vehicle components in north america . based in evansville indiana the company designs manufactures and markets commercial vehicle components . accuride s business units are accuride wheels gunite corporation and brillion iron works . its products include commercial vehicle wheels wheel end components and assemblies truck body and chassis parts and other commercial vehicle components ; and are marketed under brand names including accuride gunite and brillion . contents 1 history 1.1 bain capital founding 1.2 recession and bankruptcy 2 business 3 references history edit bain capital founding edit accuride was founded in 1986 in order to acquire the wheel making division of firestone tire & rubber company . 1 the purchase was orchestrated by bain capital under the direction of mitt romney . with bain capital as its new owners accuride revamped production and restructured executive pay quickly boosting the company s profitability . 2 accuride s earnings rose 20 percent in the first year under bain s watch and the number of plants increased by 16 percent to 1 785 . 3 bain capital sold the company to a mining conglomerate 18 months later making approximately 120 million from its 5 million investment . 2 the success of the takeover and turnaround quickly put romney and bain on the map . 4 recession and bankruptcy edit the 2008 2012 recession undermined the global demand for commercial vehicles and freight components drastically damaging accuride s profitability . 5 in october 2009 the company sought legal protection from its creditors under chapter 11 bankruptcy rules and in november 2009 sought court approval to reorganize itself . 1 on 26 february 2010 accuride emerged from chapter 11 bankruptcy with a new capital structure . 6 business edit the company produces commercial vehicle wheels wheel end components and assemblies truck body and chassis parts seating assemblies and other commercial vehicle components . accuride markets its products using four brand names accuride gunite imperial and brillion iron works . 7 references edit a b santosh nadgir 18 november 2009 . accuride seeks court approval for chapter 11 plan . thomson reuters . retrieved 24 november 2009 . a b wyler grace 14 december 2011 . this is how mitt romney actually made all his money . business insider . retrieved 18 may 2012 . kranish michael and scott helman 2012 . the real romney . harpercollins . kranish michael and scott helman february 2012 . the meaning of mitt . vanity fair . retrieved 18 may 2012 . stinnett chuck 11 august 2009 . accuride says bankruptcy is possible . courier & press . retrieved 18 may 2012 . accuride now out of bankruptcy . inside indiana business . retrieved 21 february 2012 . accuride corporation . accuride . archived from the original on 18 december 2008 . retrieved 2008 12 09 . retrieved from https en.wikipedia.org w index.php title accuride corporation & oldid 738120331 categories companies listed on the new york stock exchangecompanies based in evansville indiana1986 establishments in indianahidden categories use dmy dates from january 2013pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages svenska edit links this page was last modified on 7 september 2016 at 01 06 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view