An acquisition agreement between longtime friends and competitors Norman Huniu of Capital Factory Original Wheels and Billy Eordekian of 1-800EveryRim–OEM Wheels has been finalized. 1-800EveryRim formally took over the 60-year-old company on March 23, 2015.
"This is fantastic for Capital customers because of the impeccable service that my old friend Billy’s company has always provided," said Huniu. "I have worked hard running the family business since 1982 and it has gone into the right hands. I plan on playing, traveling, and vacationing with my beautiful wife, Julie, along with family and friends. But the first thing I am going to do is grab a beach chair, an umbrella, a large iced green tea, and watch the waves crash on the beach."
Eordekian commented, "This is not like Carnegie Steel selling out to J.P. Morgan, but for us in the specialized world of used and reconditioned OEM wheels, it is huge, or at least for us it is!
"The best thing about this deal is that we have added more stock wheel pros to our staff, making a total 24 great people. Maybe it will be 25 if my pal Norm gets bored with retirement!"
1-800EveryRim operates out of a 30,000-square-foot warehouse in Pico Rivera, Calif., approximately 13 miles southeast of downtown Los Angeles. The company has been in business since 2007. Prior to that, Eordekian had run Used Rim Inc., which he had founded in 1987 and later sold.
For more information on 1-800EveryRim.com, click here.