Management group acquires Weld Racing
Weld Racing LLC, led by Weld management and Granite Creek Partners LLC, has acquired the assets of Weld Racing from American Racing Equipment LLC.
The investor group includes management team members Kyle Fickler, formerly of Aeromotive Inc. and Scott Rider, Engineering and
Motorsports Group Manager of American Racing/Weld Motorsports.
Granite Creek Partners, a Chicago-based investment firm co-founded
by six-time IHRA Top Fuel Champion car owner Peter Lehman, provided the capital for the transaction.
Weld Racing LLC will continue to manufacture and sell not only its namesake Weld P.R.O. Race and Weld Sportforged lines, but also the American Racing Pro Series line of drag racing wheels.
A new line, the Weld RT Series wheels, will be introduced at the PRI Show in Orland, Fla., Dec. 11-13, 2008. The series features six new designs with either polished or black anodized centers.
"The RT Series also solves fitment issues common to many late-model performance applications," according to the company, and is the first street/strip wheel introduced by Weld in recent years.
For more information on Weld Racing, visit <a href=http://www.weldracing.com target=_blank>www.weldracing.com</a>.