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Consolidated Metco

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uuid000bq9c

Namestring
Consolidated Metco
Legal namestring
Consolidated Metco, Inc.
Websiteurl
conmet.com
Company typeenum
Private
Founded yearint
1964
Descriptiontext

Consolidated Metco (ConMet) is a manufacturer of engineered components for the commercial vehicle industry, operating as a division of Amsted Industries since its founding in 1964. The company designs, develops, and manufactures wheel end systems (notably the PreSet and PreSet Plus hub assemblies with proprietary integrated spindle nut technology), aluminum and iron castings, structural plastics, brake components, and the TruckWings tractor-mounted aerodynamic device acquired from TruckLabs in November 2023. ConMet also produces the SmartHub IoT-enabled wheel end monitoring system and the eHub eMobility product line (eHub 10, eHub 80, eHub 170) targeting zero-emission refrigerated trailer power and in-wheel drive axle propulsion.

ConMet serves four primary customer segments: OEMs (PACCAR, Daimler Truck North America, Navistar, Utility Trailer, Cheetah Chassis), commercial fleets, the aftermarket replacement channel, and Tier 1 suppliers. The company's products are standard equipment on most heavy-duty commercial vehicles in North America, with 18+ million vehicles on the road containing ConMet components and 30+ million PreSet hubs deployed globally. Pricing is not publicly disclosed; the company operates direct B2B sales through dedicated regional teams segmented by customer type and geography across North America, China, and Europe.

The company runs 13 global manufacturing locations spanning foundries, machining operations, plastics molding, and assembly, providing vertical integration from casting to finished component. ConMet generates revenue primarily through hardware sales of OEM components embedded in new vehicles, direct fleet sales for retrofits, and aftermarket replacement parts (with 2 million replacement hub opportunities annually in North America alone). The business is privately held as a division of Amsted Industries, with no public revenue disclosure available.

Short descriptiontext

Consolidated Metco (ConMet) is a manufacturer of engineered components for the commercial vehicle industry, producing wheel end systems, castings, plastics, and aerodynamic devices for OEMs, fleets, and the aftermarket channel across North America, China, and Europe.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersVancouver, United States
HQ citystring
Vancouver
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices13 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
commercial vehicle components, wheel end assemblies, heavy-duty truck parts, aerodynamic devices, electric trailer propulsion
Industry2 codes
1Steering Systems & Components (Columns/Racks/EPS Pumps & Motors)
CodeIMACAIABPrimaryYes
2Aftermarket Drivetrain & Powertrain Components Manufacturing (Clutches/CV Axles/Alternators/Starters)
CodeIMACANADPrimaryNo
NAICS code2 codes
  • Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing336330
  • Motor Vehicle Brake System Manufacturing336340
SIC code1 code
  • Motor Vehicle Parts & Accessories3714
Product category
Commercial Vehicle Components
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1OEM Component Sales
TypeHardware Sales
Description

ConMet products are sold as original equipment to commercial vehicle manufacturers, embedded in new vehicles at the factory level. Products include wheel ends, castings, plastics, and aerodynamic devices sold directly to OEM customers.

conmet.com
2Aftermarket Replacement Parts
TypeHardware Sales
Description

Replacement components and assemblies sold to fleets, dealers, and independent service providers through regional sales managers. Includes PreSet hub assemblies, brake drums, and related wheel end products with over 2 million replacements needed annually.

conmet.com
3Fleet Solutions and Services
TypeHardware Sales
Description

Complete wheel end solutions and TruckWings aerodynamic devices sold directly to commercial vehicle fleets for retrofit and new acquisitions, including technical support and training services.

conmet.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 5 records shown
1PreSet
Description

PreSet wheel end technology hub assemblies for commercial vehicles

conmet.com
+4 more records
Core offering1 text field

ConMet manufactures and sells engineered components for the commercial vehicle industry, including wheel end assemblies (PreSet and PreSet Plus hub assemblies, brake drums and rotors), aluminum and iron metal castings, structural interior and exterior plastics, and aerodynamic devices (TruckWings). The company also offers zero-emission electric propulsion systems (eHub 10, 80, 170) for refrigerated trailers and drive axles, plus SmartHub IoT-enabled wheel end monitoring. Products are sold as original equipment to OEMs, as retrofit solutions to commercial fleets, and as replacement parts through the aftermarket channel.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • Up to 200 kg weight reduction with lightweight aluminum components
+4 more records
Product overview1 text field

ConMet is a comprehensive solutions provider for the commercial vehicle industry, operating as a division of Amsted Industries. The product portfolio consists of four core product lines: (1) Wheel Ends including PreSet Plus hub assemblies, PreSet Technology, and Brake Components; (2) Castings encompassing aluminum and iron metal castings for commercial vehicles; (3) Plastics providing interior and exterior components manufactured in North America; and (4) TruckWings, an aerodynamic device acquired from TruckLabs in 2023. Supporting the core products are digital tools including the ConMet App and PreSet Calculators. The eMobility line includes eHub 10, eHub 80, and eHub 170 for zero-emissions trailer and propulsion applications. SmartHub provides IoT-connected wheel end monitoring. The company serves Aftermarket, Fleets, OEM, and Tier 1 Supplier segments through 13 global manufacturing locations.

Product and service6 records
1PreSet Plus Hub Assemblies
CategoryWheel Ends
Description

ConMet's flagship wheel end hub assembly featuring pre-adjusted bearings, integrated spindle nut, and extended warranty. Industry standard for performance and quality in commercial vehicle wheel ends, specified as standard original equipment by major OEMs.

2PreSet Technology Hub Assemblies
3Brake Components (Drum and Rotor)
4Castings (Aluminum and Iron)
5Plastics (Interior and Exterior)
6TruckWings Aerodynamic Device
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-11-02
Description

ConMet acquired TruckLabs, the creator of TruckWings aerodynamic devices, on November 2, 2023. The acquisition aims to enhance fuel efficiency and reduce carbon emissions for fleets and OEMs through TruckWings technology, which has been proven to save fuel and diminish CO2 emissions. This strategic acquisition integrates TruckLabs' aerodynamic expertise into ConMet's commercial vehicle component portfolio.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Accuride is a leading North American manufacturer of commercial vehicle wheel ends, brake drums, and steel wheels — directly competing with ConMet's PreSet hub assemblies and brake components across OEM and aftermarket channels.

TypeDirect peer
Description

Webb Wheel produces brake drums and hubs for heavy-duty trucks, trailers, and buses. It competes head-to-head with ConMet in wheel-end and brake drum categories sold to OEMs and the aftermarket.

3Gunite (Accuride brand)
TypeDirect peer
Description

Gunite is an Accuride-owned brand specializing in iron and steel casting for commercial vehicle wheel ends, brake drums, and hubs — directly comparable to ConMet's casting and wheel-end operations.

TypeDirect peer
Description

Stemco manufactures wheel-end products, brake adjusters, and tire inflation systems for commercial vehicle fleets and OEMs. Its wheel-end portfolio and tire inflation technology directly overlap ConMet's PreSet and automated tire inflation offerings.

TypeDirect peer
Description

SAF-Holland is a global manufacturer of axle and suspension systems, fifth wheels, and wheel-end components for trailers and trucks. Comparable to ConMet's wheel-end and structural plastics products serving commercial trailer OEMs.

TypeBroad incumbent
Description

Meritor, acquired by Cummins, supplies axles, brakes, and drivetrain components across commercial vehicles. Broader in scope than ConMet but competes in adjacent wheel-end, brake, and drivetrain categories.

TypeDirect peer
Description

Hendrickson manufactures suspension systems, axles, and lift axles for heavy-duty trucks and trailers. Competes with ConMet in structural and chassis-related castings serving commercial vehicle OEMs.

TypeDirect peer
Description

Bendix Spicer Foundation Brake is a joint venture producing air disc brakes and drum brakes for commercial vehicles. Direct competitor in the commercial vehicle brake component segment alongside ConMet's brake drum and rotor offerings.

9BWP Bergische Achsen (BPW Group)
TypeDirect peer
Description

BPW Group manufactures axles, suspension systems, and wheel-end technologies for commercial trailers in Europe. Comparable in product category and customer base to ConMet's European wheel-end ambitions.

TypeRegional player
Description

Dexter Axle is a major North American manufacturer of axles, brakes, and related components for trailers. Comparable product portfolio to ConMet, focused primarily on trailer applications and North American markets.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles14 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Consolidated Metco

Commercial Vehicle Componentsconmet.com

Consolidated Metco (ConMet) is a manufacturer of engineered components for the commercial vehicle industry, producing wheel end systems, castings, plastics, and aerodynamic devices for OEMs, fleets, and the aftermarket channel across North America, China, and Europe.

What Consolidated Metco does

Consolidated Metco (ConMet) is a manufacturer of engineered components for the commercial vehicle industry, operating as a division of Amsted Industries since its founding in 1964. The company designs, develops, and manufactures wheel end systems (notably the PreSet and PreSet Plus hub assemblies with proprietary integrated spindle nut technology), aluminum and iron castings, structural plastics, brake components, and the TruckWings tractor-mounted aerodynamic device acquired from TruckLabs in November 2023. ConMet also produces the SmartHub IoT-enabled wheel end monitoring system and the eHub eMobility product line (eHub 10, eHub 80, eHub 170) targeting zero-emission refrigerated trailer power and in-wheel drive axle propulsion.

ConMet serves four primary customer segments: OEMs (PACCAR, Daimler Truck North America, Navistar, Utility Trailer, Cheetah Chassis), commercial fleets, the aftermarket replacement channel, and Tier 1 suppliers. The company's products are standard equipment on most heavy-duty commercial vehicles in North America, with 18+ million vehicles on the road containing ConMet components and 30+ million PreSet hubs deployed globally. Pricing is not publicly disclosed; the company operates direct B2B sales through dedicated regional teams segmented by customer type and geography across North America, China, and Europe.

The company runs 13 global manufacturing locations spanning foundries, machining operations, plastics molding, and assembly, providing vertical integration from casting to finished component. ConMet generates revenue primarily through hardware sales of OEM components embedded in new vehicles, direct fleet sales for retrofits, and aftermarket replacement parts (with 2 million replacement hub opportunities annually in North America alone). The business is privately held as a division of Amsted Industries, with no public revenue disclosure available.

Consolidated Metco firmographics

Firmographics
Name
Consolidated Metco
Legal name
Consolidated Metco, Inc.
Website
https://conmet.com
Company type
Private
Founded year
1964
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Consolidated Metco (ConMet) is a manufacturer of engineered components for the commercial vehicle industry, producing wheel end systems, castings, plastics, and aerodynamic devices for OEMs, fleets, and the aftermarket channel across North America, China, and Europe.
Ownership category
akta.pro rank

Consolidated Metco industry classification

Industry
Product category
Commercial Vehicle Components
NAICS
Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (336330), Motor Vehicle Brake System Manufacturing (336340)
SIC
Motor Vehicle Parts & Accessories (3714)
akta.pro primary industry
Steering Systems & Components (Columns/Racks/EPS Pumps & Motors) (IMACAIAB)
akta.pro secondary industry
Aftermarket Drivetrain & Powertrain Components Manufacturing (Clutches/CV Axles/Alternators/Starters) (IMACANAD)

Keywords

  • Commercial vehicle components
  • Wheel end assemblies
  • Heavy-duty truck parts
  • Aerodynamic devices
  • Electric trailer propulsion

Where Consolidated Metco is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
United States
HQ region
North America

Offices13 records

Markets served

Consolidated Metco business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. OEM Component Sales: ConMet products are sold as original equipment to commercial vehicle manufacturers, embedded in new vehicles at the factory level. Products include wheel ends, castings, plastics, and aerodynamic devices sold directly to OEM customers.
  2. Aftermarket Replacement Parts: Replacement components and assemblies sold to fleets, dealers, and independent service providers through regional sales managers. Includes PreSet hub assemblies, brake drums, and related wheel end products with over 2 million replacements needed annually.
  3. Fleet Solutions and Services: Complete wheel end solutions and TruckWings aerodynamic devices sold directly to commercial vehicle fleets for retrofit and new acquisitions, including technical support and training services.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Consolidated Metco product offering

Product offering

Core offering

ConMet manufactures and sells engineered components for the commercial vehicle industry, including wheel end assemblies (PreSet and PreSet Plus hub assemblies, brake drums and rotors), aluminum and iron metal castings, structural interior and exterior plastics, and aerodynamic devices (TruckWings). The company also offers zero-emission electric propulsion systems (eHub 10, 80, 170) for refrigerated trailers and drive axles, plus SmartHub IoT-enabled wheel end monitoring. Products are sold as original equipment to OEMs, as retrofit solutions to commercial fleets, and as replacement parts through the aftermarket channel.

Product overview

ConMet is a comprehensive solutions provider for the commercial vehicle industry, operating as a division of Amsted Industries. The product portfolio consists of four core product lines: (1) Wheel Ends including PreSet Plus hub assemblies, PreSet Technology, and Brake Components; (2) Castings encompassing aluminum and iron metal castings for commercial vehicles; (3) Plastics providing interior and exterior components manufactured in North America; and (4) TruckWings, an aerodynamic device acquired from TruckLabs in 2023. Supporting the core products are digital tools including the ConMet App and PreSet Calculators. The eMobility line includes eHub 10, eHub 80, and eHub 170 for zero-emissions trailer and propulsion applications. SmartHub provides IoT-connected wheel end monitoring. The company serves Aftermarket, Fleets, OEM, and Tier 1 Supplier segments through 13 global manufacturing locations.

Differentiator

Problem solved

Functional benefit

Brands

  • PreSet: PreSet wheel end technology hub assemblies for commercial vehicles
  • PreSet Plus
  • TruckWings
  • SmartHub
  • eHub

Products and services

  • PreSet Plus Hub Assemblies ConMet's flagship wheel end hub assembly featuring pre-adjusted bearings, integrated spindle nut, and extended warranty. Industry standard for performance and quality in commercial vehicle wheel ends, specified as standard original equipment by major OEMs.
  • PreSet Technology Hub Assemblies
  • Brake Components (Drum and Rotor)
  • Castings (Aluminum and Iron)
  • Plastics (Interior and Exterior)
  • TruckWings Aerodynamic Device

Quantifiable outcome

  • Up to 200 kg weight reduction with lightweight aluminum components
  • +4 more outcomes

Companies that use Consolidated Metco

Customer profile

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Consolidated Metco technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Consolidated Metco partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • TruckLabscoreStrategic or Co-development Partner · 2 November 2023ConMet acquired TruckLabs, the creator of TruckWings aerodynamic devices, on November 2, 2023. The acquisition aims to enhance fuel efficiency and reduce carbon emissions for fleets and OEMs through TruckWings technology, which has been proven to save fuel and diminish CO2 emissions. This strategic acquisition integrates TruckLabs' aerodynamic expertise into ConMet's commercial vehicle component portfolio.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Consolidated Metco competitors and assessment

Company assessment

Direct peers

  • Accuride Corporation: Accuride is a leading North American manufacturer of commercial vehicle wheel ends, brake drums, and steel wheels — directly competing with ConMet's PreSet hub assemblies and brake components across OEM and aftermarket channels.
  • Webb Wheel: Webb Wheel produces brake drums and hubs for heavy-duty trucks, trailers, and buses. It competes head-to-head with ConMet in wheel-end and brake drum categories sold to OEMs and the aftermarket.
  • Gunite (Accuride brand): Gunite is an Accuride-owned brand specializing in iron and steel casting for commercial vehicle wheel ends, brake drums, and hubs — directly comparable to ConMet's casting and wheel-end operations.
  • Stemco: Stemco manufactures wheel-end products, brake adjusters, and tire inflation systems for commercial vehicle fleets and OEMs. Its wheel-end portfolio and tire inflation technology directly overlap ConMet's PreSet and automated tire inflation offerings.
  • SAF-Holland: SAF-Holland is a global manufacturer of axle and suspension systems, fifth wheels, and wheel-end components for trailers and trucks. Comparable to ConMet's wheel-end and structural plastics products serving commercial trailer OEMs.
  • Hendrickson Truck Commercial Vehicle Systems: Hendrickson manufactures suspension systems, axles, and lift axles for heavy-duty trucks and trailers. Competes with ConMet in structural and chassis-related castings serving commercial vehicle OEMs.
  • Bendix Spicer Foundation Brake: Bendix Spicer Foundation Brake is a joint venture producing air disc brakes and drum brakes for commercial vehicles. Direct competitor in the commercial vehicle brake component segment alongside ConMet's brake drum and rotor offerings.
  • BWP Bergische Achsen (BPW Group): BPW Group manufactures axles, suspension systems, and wheel-end technologies for commercial trailers in Europe. Comparable in product category and customer base to ConMet's European wheel-end ambitions.

Broad incumbents

  • Meritor (Cummins): Meritor, acquired by Cummins, supplies axles, brakes, and drivetrain components across commercial vehicles. Broader in scope than ConMet but competes in adjacent wheel-end, brake, and drivetrain categories.

Regional players

  • Dexter Axle: Dexter Axle is a major North American manufacturer of axles, brakes, and related components for trailers. Comparable product portfolio to ConMet, focused primarily on trailer applications and North American markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Consolidated Metco social profiles

Digital presence

Consolidated Metco compliance and trust

Trust signal

Compliance2 records

Consolidated Metco financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Consolidated Metco leadership team

Management profile

Number of profiles

Profiles14 records

Consolidated Metco subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Consolidated Metco funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Consolidated Metco M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consolidated Metco

What does Consolidated Metco do?

ConMet manufactures and sells engineered components for the commercial vehicle industry, including wheel end assemblies (PreSet and PreSet Plus hub assemblies, brake drums and rotors), aluminum and iron metal castings, structural interior and exterior plastics, and aerodynamic devices (TruckWings). The company also offers zero-emission electric propulsion systems (eHub 10, 80, 170) for refrigerated trailers and drive axles, plus SmartHub IoT-enabled wheel end monitoring. Products are sold as original equipment to OEMs, as retrofit solutions to commercial fleets, and as replacement parts through the aftermarket channel.

Is Consolidated Metco a public or private company?

Consolidated Metco is a private company. It is classified as corporate owned and is currently operating.

When was Consolidated Metco founded?

Consolidated Metco was founded in 1964. It employs 1,001 to 5,000 people.

Where is Consolidated Metco based?

Consolidated Metco is headquartered in Vancouver, United States, in the North America region.

How does Consolidated Metco make money?

Three revenue lines are on record. OEM Component Sales are the primary driver. The others are aftermarket Replacement Parts and fleet Solutions and Services.

Who are Consolidated Metco's main competitors?

Direct peers on record are Accuride Corporation, Webb Wheel, Gunite (Accuride brand), Stemco, SAF-Holland, Hendrickson Truck Commercial Vehicle Systems, Bendix Spicer Foundation Brake and BWP Bergische Achsen (BPW Group). Meritor (Cummins) is listed as a broad incumbent. Dexter Axle is listed as a regional player.

Does Consolidated Metco have an API?

No public API is recorded for Consolidated Metco.

What industry is Consolidated Metco in?

Consolidated Metco's product category is Commercial Vehicle Components. Its primary akta.pro industry code is IMACAIAB, Steering Systems & Components (Columns/Racks/EPS Pumps & Motors), with a secondary code of IMACANAD, Aftermarket Drivetrain & Powertrain Components Manufacturing (Clutches/CV Axles/Alternators/Starters). Its NAICS code is 336330 and its SIC code is 3714.

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Live signals
Third NewsInternational Motors Celebrates Excellence with 2026 Diamond Supplier AwardsInternational Motors, LLC announced the recipients of its 2026 Diamond Supplier Awards, recognizing ten partners for their contributions to quality, innovation, and sustainability within its supply chain. The selected suppliers include ConMet, Dana, Hankook Tires, and others, who were honored based on strict criteria regarding technological advancements, zero-defect quality, and cost leadership. This recognition underscores International Motors' strategic focus on maintaining a resilient and collaborative automotive supply chain.ConmetWhy Lightweight Components are Important for Commercial VehiclesConMet is promoting its lightweight commercial vehicle components, such as wheel ends and chassis parts, to help manufacturers address challenges like emissions regulations and driver shortages. These aluminum solutions offer weight reductions of up to 100kg for wheel ends and 200kg for chassis components, improving payload capacity and fuel efficiency. The company will showcase these technologies at IAA Transportation 2024 in Hannover, Germany.FleetmaintenanceConMet acquires TruckWings maker TruckLabsConMet acquired TruckLabs, the maker of the TruckWings aerodynamic device, on November 2 to integrate its technology and streamline production networks. The acquisition aims to combine ConMet's manufacturing capabilities with TruckLabs' proven fuel-saving technology, which has reduced emissions by 80 million lbs since 2015. This move is intended to enhance freight efficiency and carbon reduction for large fleet customers.Truck NewsConMet acquires TruckWings maker TruckLabsConMet has acquired TruckLabs, the manufacturer of TruckWings aerodynamic devices designed to improve truck fuel efficiency. Under the agreement, TruckLabs will become a wholly owned subsidiary of ConMet, integrating its technology which reportedly reduces fuel consumption by 3-6%. This acquisition allows ConMet to expand its portfolio with proven solutions for OEMs and fleets aimed at lowering carbon emissions.ConmetConMet Acquires TruckLabs, the Creator of TruckWingsConMet announced the acquisition of TruckLabs, the creator of the TruckWings aerodynamic device, to integrate its fuel efficiency technology into ConMet's portfolio. The transaction, completed on November 2, 2023, positions TruckLabs as a wholly owned subsidiary of ConMet to help commercial fleets reduce emissions and operational costs.PR NewswireSuppliers Partnership for the Environment (SP) Announces 2023 Environmental Sustainability Award WinnersThe Suppliers Partnership for the Environment (SP) announced its 2023 environmental leadership award winners at its quarterly membership meeting in Warren, Michigan, recognizing automotive suppliers and individuals for sustainability achievements across four categories. Arkema won the Creativity award for reducing the carbon footprint of its bio-based polyamide materials through a renewable biomethane supply agreement with ENGIE, while UBQ Materials, Conmet, and Polyram jointly won the Demonstrating Environmental Innovation award for developing a lower-carbon composite from organic household waste. Individual Shining Star awards were given to representatives of Call2Recycle, General Motors, Toyota Motor North America, and VMX International, and the Spirit of SP award went to Vickie Lewis of VMX International.PR NewswireCarrier Further Strengthens Electric Transport Refrigeration Capabilities through Strategic Alliance with ConMetCarrier Global Corporation announced a strategic alliance with ConMet to integrate ConMet's wheel-based power generation technology into Carrier's electric transport refrigeration solutions, capturing energy from braking events that would otherwise be wasted. The partnership will enable electric options for trailer, truck, and light commercial vehicle refrigeration customers before the end of 2022, eliminating the need for diesel fuel engines. The alliance strengthens Carrier's zero-emission capabilities and supports its 2030 ESG Goals, including the target to reduce its customers' carbon footprint by one gigaton.PR NewswireConMet's Ken Kelley Elected to Serve as 2021 Board Member of Heavy Duty Marketing & Sales Forum (HDMSF) of Heavy Duty Marketing Association (HDMA)ConMet's Vice President of Trailer, Fleet & Tier 1 Suppliers Ken Kelley was elected to serve as a 2021 Board Member of the Heavy Duty Marketing & Sales Forum (HDMSF), part of the Heavy Duty Marketing Association (HDMA). The HDMSF is described as the nation's leading heavy duty marketing and sales forum for the commercial vehicle industry, providing members with roundtable discussions and networking opportunities twice yearly. This board position allows participation in industry-wide discussions addressing challenges and changes facing the commercial vehicle sector.PR NewswireGlobal Aluminum Castings IndustryThis document is a market intelligence report providing comprehensive analysis of the global aluminum castings industry, covering market size, forecasts (2016-2024), regional data (US, Canada, Japan, Europe, Asia-Pacific, Latin America), end-use sectors (transportation, consumer/industrial), and casting methods (permanent mold, diecasting, others). The report identifies 118 companies operating in this space, with key players including Alcast Company, Alcoa Corporation, Consolidated Metco, Inc., Dynacast International, Inc., Nemak, and Ryobi Limited. Growth drivers include rising demand for lightweight automotive components driven by fuel economy regulations and the expanding electric vehicles market, particularly in developing economies.Heavy Duty TruckingConMet Partners on In-Wheel Electric DriveConMet and Protean Electric have formed a partnership to develop an electric in-wheel drive system designed for medium- and heavy-duty commercial vehicles. The collaboration combines ConMet's expertise in commercial vehicle wheel ends with Protean Electric's proprietary in-wheel electric drive technology.