History
"Romeo Palamides, an early drag racing innovator and grandfather of jet car racing, designed and crafted leading edge, high strength-to-weight magnesium drag racing wheels for a competition dragster designed in the early 1950s for competition. The vehicle debuted on the cover of the November 1956 issue of Hot Rod Magazine. The car gained attention but, in the early years of hot rodding, there was considerable street enthusiast interest in the lightweight, high-tech wheels he had custom-designed for the car. Romeo's vision, working from Jim Ellison's small machine shop in San Francisco, along with engineering innovator Tom Griffith, evolved into America's leading aftermarket wheel company. In 1956, they formed American Racing Equipment."(http://www.americanracing.com/company.asp)
Platinum Equity investment group acquired American Racing Equipment Inc in June 2005.
Read more about this topic: American Racing
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