| History of the ALCAR Group | ||||||
| The ALCAR Group was founded in the early summer months of 1984 under its previous | ||||||
| name "BBV Beteiligungs GmbH". The company originally focused on distributing steel | ||||||
| wheels in Austria, as well as commissioning steel wheel production from the KROMAG | ||||||
| company in Hirtenberg. | ||||||
| In the subsequent years the company has undergone successive expansion phases: | ||||||
| 1988 | Acquisition of the activities of KROMAG AG and their integration | |||||
| into the newly established KROMAG Metallindustrie GmbH; | ||||||
| expansion of our activities to include the manufacture and | ||||||
| distribution of steel cabinets | ||||||
|
1988-1994 |
Development of a distribution network throughout Europe; | |||||
| acquisition of distribution companies in the automotive wheel | ||||||
| aftermarket in Austria, Sweden, Great Britain and Hungary | ||||||
| 1995 | Acquisition of the alloy wheel brand AEZ; establishment of the | |||||
| German ALCAR distribution company; acquisition of wheel | ||||||
| activities of Switzerland's E. Ambrosetti & Söhne AG and | ||||||
| its integration into the newly founded Ambrosetti Räder AG | ||||||
|
1997-1999 |
Expansion of our distribution network to the Dutch, Belgian and | |||||
| Danish, as well as the Czech and Polish markets | ||||||
| 2002 | Purchase of 50% share in the alloy wheel manufacturer Schmidt | |||||
| (renamed AEZ Produktion GmbH) with today two sites in Germany; | ||||||
| 100% acquisition of the alloy wheel brand DEZENT | ||||||
| 2003 | Entrance of our holding company and our national distribution | |||||
| companies onto the market under the joint name ALCAR | ||||||
| 2004 | Expansion of our distribution network to the Italian and Russian markets | |||||
| 2005 | Opening of AEZ Produktion GmbH's new alloy wheel production | |||||
| site in Neuenrade, Germany | ||||||
| 2006 | Acquisition of an additional 50% share in AEZ Produktion GmbH | |||||
|
2007 |
Acquistion of an additonal 50% share in the Russian distribution company | |||||
| AVVIT Ltd. (today ALCAR Rus) in Moscow | ||||||
|
2008 |
Formation of ALCAR ASIA PACIFIC Pte. Ltd. in Singapore | |||||