The story
Iochpe-Maxion was founded in 1918 in the state of Rio Grande do Sul.
In August 2009, the company purchased the wheels business of ArvinMeritor in Brazil, Mexico and the United States, which was then named "Fumagalli Division".
In December 2010, aiming at increasing its production capacity in Mexico, the company purchased the wheels business of Nugar S.A.P.I. de C.V., a Mexican company controlled by the CIE Automotive group.
From Wikipedia’s article on Iochpe-Maxion, shared under CC BY-SA 4.0.5