Wheel Pros, a maker of after-market specialty auto parts, filed for bankruptcy protection after struggling with inflation costs and a slump in demand.
The Colorado-based company, which announced a rebranding to Hoonigan in 2023, filed for Chapter 11 bankruptcy in Delaware. It listed assets and liabilities of $1 billion to $10 billion in its petition. Chapter 11 filings allow a company to continue operating while it works out a creditor repayment plan.
The company raised $235 million in September 2023 in a deal that favored certain creditors over others. Wheel Pros was founded in 1995 and
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