Maxion Wheels Is Awarded Patent For Multi-Clad

NORTHVILLE, Michigan, May 9, 2012 /PRNewswire/ -- Maxion Wheels ("Maxion" or the "Company") announced today that it has been assigned a patent (8,162,406) for a new type of clad (wheel cover). The new clad is made from a combination of plastic components, which allow for styling, and stainless steel, which gives a bright chrome appearance. Enhanced styling is joined by cost effectiveness in this new product, as the clad can be put on a drop center (lower cost) wheel.

"We are proud of the innovation and vision shown by our engineers in connection with this patent and the many other patents they have developed over the years," said Fred Bentley, Chief Executive Officer of Maxion Wheels. "Their efforts to design new and better products for our customers are never ceasing; because of their expertise and creativity, Maxion Wheels has continued to be a leader in offering world-class products to our global customers."

About Maxion Wheels

Maxion Wheels is a leading worldwide producer of aluminum and steel wheels for passenger cars and light trucks and of steel wheels for commercial trucks and trailers. The Company has global operations with 25 facilities, including business, sales offices and manufacturing facilities, located in 15 countries around the world. The Company sells products to every major North American, Asian and European manufacturer of passenger cars and light trucks and to commercial highway vehicle customers throughout the world.