Released on June 29, 2010

Superior Industries International Inc., Van Nuys, Calif., announced it has acquired an equity interest in aluminum wheel diecaster Synergies Castings Ltd., Visakhapatnam, India.

Superior said it has purchased 8.7% of the outstanding shares of the privately-owned company and entered into an agreement to make additional equity investments in Synergies up to approximately 26% of its total issued equity by Dec. 31.

“We believe this is an excellent long-term investment opportunity, given the dynamic and growing automotive market in India,” said Steven Borick, Superior’s chairman, chief executive officer and president. “Synergies is an accredited OEM aluminum wheel manufacturer…[with] existing contracts with Toyota, General Motors and Chrysler.”

Synergies uses low pressure diecasting and copper-nickel-chrome electroplating technology to manufacture and finish aluminum alloy wheels and other aluminum cast components. Superior supplies cast and forged aluminum wheels to Ford, General Motors, Chrysler, BMW, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen.