Sale of EXCEL RIM company to RK Group finalized

Excel Rim sold to RK Group.

The sale of Excel Rim Co., Ltd. by CLN to RK Group was finalized on November 30, 2017.
A preliminary sales agreement had been reached by the two industrial groups on November 10, 2017. Excel Rim Co., Ltd., a world leading manufacturer of motorcycle rims, was owned by MW Italia Srl - part of CLN Group - and has now been sold to Kilang Sprocket S.A. Sdn. Bhd., a subsidiary of RK South Asia, a leading manufacturing group in the motorcycle component business.