Momo and Weld Racing haved joined together under the leadership and guidance of the Cisneros Corporation. The move has been described as move which will create ‘a global design, performance, and manufacturing powerhouse with a passion for motorsports and a drive for transformational innovation’.
Momo USA, headquartered in Detroit, has a wide ranging product portfolio including road wheels, steering wheels and safety products, which are sold in to over 60 countries. Weld, headquartered in Kansas City, Missouri, is known for its domination of the North American motorsports wheel markets. Both companies’ investments in technology and engineering provide customers with cutting edge designs and measurable performance advantages.
“We are thrilled with the partnership,” explained Norm Young, president and CEO of Weld Racing, who will continue to lead the company following the acquisition. “Since its inception in 1964, Momo has been an innovator in the performance industry, and a pioneer in the development and expansion of automotive accessories. The experience and resources that Momo and Cisneros Corporation bring will be instrumental in continuing our global growth.”
“Weld complements Momo in terms of technology, products and solutions,” added Henrique Cisneros, chairman of Momo Automotive Group. “Joining forces is a natural extension of the strategy we have been pursuing for several years. And as a top-tier manufacturer with extensive customer relationships, a strong brand, leading technology and a recognized portfolio of best-in-class products, Weld will immediately establish a strong foundation for Momo to grow our wheel platform. This is an outstanding addition to the Momo family and we are very excited to welcome them.”