FOR IMMEDIATE RELEASE
Oct. 26, 2015
WELD Completes Asset Purchase of HiPer Technology
Kansas City, Mo. – WELD has acquired the assets of HiPer Technology, Inc., the largest manufacturer of high performance “super structural” carbon fiber wheels for all-terrain vehicle (ATV) and side-by-side (UTV) vehicles based in Lawrence, Kansas. Terms of the transaction were not disclosed.
“WELD is excited to add HiPer’s products to our portfolio of premium performance lines. This strategic acquisition brings new markets as well as cutting-edge materials and processes to WELD,” said WELD president and CEO Norm Young. “We were attracted to HiPer due to its leadership in advanced carbon fiber composite technology, and shared motorsports success and history.”
Young says technology from HiPer will be integrated into WELD wheels where it strategically fits. “The HiPer brand is unique and well respected by its customer base, and something that we will keep intact. In addition, we have an aggressive plan to provide the resources necessary to continue to grow the brand.”
HiPer Technology has developed and manufactured products using super structural carbon fiber composite resins by employing proprietary molding techniques. To date, the company’s activities have focused on modular carbon fiber racing wheels for motor sport vehicles through its primary consumer division, HiPer Racing Wheels.
HiPer’s carbon fiber materials and processes produce wheels that are significantly lighter and more durable than the competition. HiPer wheels have won championships in cross-country, motocross, short course, and desert racing through weight reduction and the ability to absorb impacts, making them substantially more rugged.
HiPer Racing Wheels, primarily manufactured for ATVs, and UTVs, are the lightest, toughest wheels available in their market segment. More information on HiPer products can be found at www.Hiper-Technology.com.
WELD manufactures the highest quality forged race wheels for dirt, oval, off road and drag racing, along with wheels for performance street cars and trucks. Each WELD wheel is precision engineered for maximum performance on the street, off road and at the track. For more information about WELD phone 800-788-9353 or visit www.WELDwheels.com.
WELD, based in Kansas City, Missouri, is the technology and manufacturing leader in the performance wheel market. Since 1967, WELD has been a pioneer in wheel engineering and design from main street to the race track. WELD’s precision and quality is validated by amassing more professional race wins than any other wheel company. Every race and street wheel is subjected to the same quality and design standards. WELD’s entire line of performance wheels can be seen at www.WELDwheels.com.
WELD is a Granite Creek company. Granite Creek invests in businesses with defensible market niches, recognized brands, strong intellectual property and/or manufacturing process assets led by entrepreneurial management teams in food/agribusiness, medical devices and instruments, and transportation industry sectors.
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