Accuride Corporation and Robert Carleton House

Accuride Corporation is a diversified manufacturer and supplier of commercial vehicle components in North America. Based in Evansville, Indiana, the company designs, manufactures and markets commercial vehicle components.

Accuride’s business units are Accuride Wheels, Gunite Corporation, Imperial Group, and Brillion Iron Works. Its products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components; and are marketed under brand names including Accuride, Gunite and Brillion.

Contents 1 History 1.1 Bain Capital founding 1.2 Recession and bankruptcy 2 Business 3 References

History Bain Capital founding

Accuride was founded in 1986 in order to acquire the wheel-making division of Firestone Tire & Rubber Company. The purchase was orchestrated by Bain Capital under the direction of Mitt Romney. With Bain Capital as its new owners, Accuride revamped production and restructured executive pay, quickly boosting the company's profitability. Accuride's earnings rose 20 percent in the first year under Bain's watch, and the number of plants increased by 16 percent to 1,785. Bain Capital sold the company to a mining conglomerate 18 months later, making approximately $120 million from its $5 million investment. The success of the takeover and turnaround quickly put Romney and Bain on the map. Recession and bankruptcy

The 2008–2012 recession undermined the global demand for commercial vehicles and freight components, drastically damaging Accuride's profitability. In October 2009, the company sought legal protection from its creditors under Chapter 11 bankruptcy rules, and in November 2009 sought court approval to reorganize itself. On 26 February 2010, Accuride emerged from Chapter 11 bankruptcy with a new capital structure. Business

The company produces commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride markets its products using four brand names: Accuride, Gunite, Imperial, and Brillion Iron Works.

Robert Carleton House and Accuride Corporation

The Carleton House is a 2-1/2 story wood frame structure, with a gable roof, two interior chimneys near the side walls, and a granite foundation. The main facade, facing south, is five bays wide, with a central entry that has flanking sidelight windows, and a Federal-style surround that has pilasters supported in an entablature with cornice. The windows are uniformly 12-over-12 sash. A single-story ell, probably an early addition, extends to the north. The interior has a central hall plan, with two rooms on each side of the hall on both floors. These rooms have original Federal period woodwork, including fireplace mantels, wainscoting, trim, and doors.

The town of Sangerville was first settled c. 1801-02, and Thomas Prince, one of the early arrivals, established a fulling mill on what is now called Carleton Stream, which empties into the nearby Piscataquis River. One Prince's workers, Guy Carleton, purchased the land on which this house stands in 1818. The following year he sold it to his brother Robert, who built the house. Robert was a prominent member of the local militia, seeing some heightened activity during the border dispute with neighboring New Brunswick known as the Aroostook War. Guy Carleton established his own mill, which survived as a business into the 20th century. See also National Register of Historic Places listings in Piscataquis County, Maine
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