WELD has acquired the assets of HiPer Technology, Inc., the largest manufacturer of high performance “super structural” carbon fiber wheels for all-terrain vehicle (ATV) and side-by-side (UTV) vehicles based in Lawrence, Kansas. Terms of the transaction were not disclosed.
“WELD is excited to add HiPer’s products to our portfolio of premium performance lines. This strategic acquisition brings new markets as well as cutting-edge materials and processes to WELD,” said WELD president and CEO Norm Young. “We were attracted to HiPer due to its leadership in advanced carbon fiber composite technology, and shared motorsports success and history.”
Young says technology from HiPer will be integrated into WELD wheels where it strategically fits. “The HiPer brand is unique and well respected by its customer base, and something that we will keep intact. In addition, we have an aggressive plan to provide the resources necessary to continue to grow the brand.”
HiPer Technology has developed and manufactured products using super structural carbon fiber composite resins by employing proprietary molding techniques. To date, the company’s activities have focused on modular carbon fiber racing wheels for motor sport vehicles through its primary consumer division, HiPer Racing Wheels.
HiPer’s carbon fiber materials and processes produce wheels that are significantly lighter and more durable than the competition. HiPer wheels have won championships in cross-country, motocross, short course, and desert racing through weight reduction and the ability to absorb impacts, making them substantially more rugged.