October 21, 2016 9:34 AM ET

Auto Components

Company Overview of Chassix Inc.

Company Overview

Chassix Inc. designs, engineers, machines, and assembles aluminum and ductile iron castings. It offers chassis products and assemblies, which include upper and lower control arms assemblies, front and rear crossmembers, front and rear steering knuckles, brake anchors and caliper housings, wheel hubs, and spindles and stems, as well as aluminum, cast iron, and forged steel links; brake corner, front, and rear modules and assemblies, such as knuckles and spindles, brake calipers and park brakes, rotors, bearings and hub bearing assemblies, dust and splash shields, fasteners, and brake cables; and powertrain products, including engine blocks, intake manifolds, cylinder heads, transmission housi...

300 Galleria Officentre

Suite 501

Southfield, MI 48034

United States

Founded in 1978





Key Executives for Chassix Inc.

Chief Executive Officer and President
Age: 54
Chief Financial Officer
Senior Vice President of Operations and Casting
Age: 64
President of North America
Chief Administrative Officer and Vice President of Legal & Human Resources
Compensation as of Fiscal Year 2016.

Chassix Inc. Key Developments

Chassix Names Michael Beyer as Chief Financial Officer

Chassix, has named Michael Beyer chief financial officer. Reporting to Doug DelGrosso, president and CEO, Chassix, Beyer is responsible for providing strategic guidance and oversight to corporate finance, treasury, financial planning and analysis, reporting, tax, and investor relations. Beyer has over 25 years of financial and accounting management experience, most recently serving as chief financial officer of Wolverine Advanced Materials. Previously, he served as corporate controller for Affinia Group, and held increasingly responsible finance and accounting roles over a 14-year period with Dana Corporation.

Chassix Names Iwona Niec Villaire as Vice President and General Counsel

Chassix has appointed Iwona Niec Villaire as vice president and general counsel. Reporting to Doug DelGrosso, president and CEO, Chassix, Villaire is responsible for providing legal guidance, direction and oversight to corporate business development, financial agreements, corporate governance and compliance, commercial transactions and employment matters. Villaire joins Chassix from Cooper-Standard Automotive Inc. where she served the past nine years as deputy general counsel and director of global compliance. Prior, she served as senior counsel with Federal Mogul Corporation.

Chassix Inc. Successfully Completes Prearranged Restructuring and Emerges from Chapter 11 with $300 Million in New Financing; Announces New Board of Directors

Chassix Holdings Inc. and its U.S. subsidiaries announced that Chassix has successfully completed its prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Through its prearranged Chapter 11 plan, Chassix substantially reduced its outstanding debt obligations, secured approximately $300 million in new exit financing, including $150 million from certain of the Company’s prepetition noteholders, and secured significant long-term new business commitments and support from its large customers. Chassix also announced a newly constituted Board of Directors, effective in conjunction with the Company’s emergence from Chapter 11, comprised of: Fred Bentley: He currently serves on the board of directors of Dexter Axle Company, GT Technologies and Sea Star Solutions. Previously, Mr. Bentley served as President and Chief Executive Officer of Maxion Wheels. Jonathan F. Foster: He is the Founder and Managing Director of Current Capital. Mr. Foster currently serves on the board of directors of five public companies Berry Plastics Corporation, Chemtura Corporation, Lear Corporation, Masonite Corporation and Sabine Oil & Gas Corporation. Richard E. Newsted: He currently serves on the board of directors of NIBCO Inc., Dayco, LLC, Titan Outdoors Holdings, LLC, Pacific Crane Maintenance Company, LLC, OHH Acquisition Corporation, Rotech Healthcare Inc., United States Steel Canada Inc., The Greeley Company, Mirabela Nickel Limited, AVI-SPL Holdings Inc., GT Advanced Technologies Inc., and Univita Health Inc. Randal Klein: He is a Portfolio Manager at Avenue Capital Group. Mr. Klein currently is a Director, Chairman of the Finance Committee, Chairman of the Strategic Review Committee and Member of the Risk Committee for MagnaChip Semiconductor Corporation, and an Official Board Observer for QCE Finance LLC. Michael Kreger: He is a Vice President in the opportunities funds of Oaktree Capital Management, L.P. Mr. Kreger is currently a member of the board of directors of Tribune Media Company and a member of the board of directors and audit committee of Aleris Corporation.

Similar Private Companies By Industry

Company Name Region
31 Incorporated United States
3Point Machine, Inc. United States
A-1 Automotive, Inc. United States
A-FAB Corporation United States
A.J. Rose Manufacturing Co., Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Chassix Inc., please visit www.chassix.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.