In 2020, wheel manufacturer BBS filed for insolvency at its Schiltach headquarters in Germany. KW automotive participated in the following investor search process and was successful in convincing all parties involved in the negotiations with a pioneering acquisition concept to secure the traditional BBS brand.
As a result, purchase agreements and further agreements were signed, which as of June 2021, KW automotive took over the wheel company. Joining KW Automotive’s group of companies are KW Suspension, Lambo Style Doors (LSD-Doors), Belltech Sports Truck, ST Suspensions and also RaceRoom (yes, the video game). Now BBS Wheels will join the group as their only wheel brand.
“I am very honored that we were able to win the trust of the parties involved in the proceedings with our acquisition concept. By reaching an important milestone, I was able to inform all BBS employees about our plans on March 4, 2021. Until full responsibilities are assumed in June, there are still important agreements to be negotiated, which are the responsibility of the insolvency administrator,” Klaus Wohlfarth said in a statement.
