£600k raised for Dymag® Performance Racing Wheels

Author

UK Business Angels Association

20 April 2015

A manufacturer of advanced carbon composite performance wheels to the automotive, motorcycle and cycle OEM, aftermarket and racing markets.

Over the past three years several leading vehicle OEM’s, especially BMW and Audi have become heavily focused on reducing vehicle weight through the use of advanced lightweight materials including carbon composites. Dymag® is uniquely positioned to take advantage of this trend.

Dymag® is a well-established, world famous, elite performance wheel brand with an unparalleled history of innovation and technology in motorsport, aftermarket and OEM wheels, supplying F1, Indycar, GP motorcycle Champions and race winners for more than four decades.

The Dymag® brand was successfully re-launched by CSA Performance Wheels Limited in late 2010 and the company now designs, manufactures and markets automotive, motorcycle and bicycle wheels using carbon composites, as well as forged and cast magnesium and aluminium materials. Led by a world class board of directors from the automotive industry combined with a very experienced management team, Dymag® is closing £600,000 of investment to deliver the growth plan, through setting up a new low volume aftermarket and OEM car wheels factory in the UK, and to add production capacity and provide working capital to the existing motorcycle and bicycle business.

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