Forgeline Motorsports, the Dayton, Ohio-based wheel manufacturer, has sold a majority stake of the company to Lacks Enterprises, a tier-one supplier to the automotive industry with headquarters in Grand Rapids, Michigan.

Lacks Enterprises is an ISO-certified vendor to global automakers, providing Forgeline with new access to the original equipment market, according to the company.

The Schardt family will retain minority ownership of Forgeline and all operations will continue in Dayton, Ohio, with no disruptions to current customers or employees. Dave and Steve Schardt will continue as president and vice president of sales, while Sherri Schardt will continue in her administrative role.

To read the full announcement, visit forgeline.com.