PDK completes Cragar inventory purchase

PHOENIX (July 21)—PDK Inc. of Merrillville, Ind., has completed its purchase of Cragar Industries Inc.´s remaining inventory of custom wheels and wheel accessories. The tire and wheel supplier completed its buyout of $1.5 million of Cragar product which had not been acquired previously by Weld Racing Inc. and Carlisle Tire & Wheel Co. following announcements by Cragar that it would be acquired by a competitor in June. PDK now will serve as a clearinghouse of Cragar products left discontinued after the merger.