Superior Industries International Inc. on Tuesday said that it is selling its stake in a Hungarian joint-venture manufacturing plant to its partner.

The Van Nuys manufacturer of aluminum wheels for major auto makers said that its 50-percent stake in Suoftec Light Metal Products Production & Distribution Ltd.,will be sold to the other half owner, Otto Fuchs KG, which is based in Meinerzhagen, Germany. Terms were not disclosed.

“While we are proud of our long standing success in partnership with Otto Fuchs and our Suoftec joint venture, this transaction will allow us to open the door to other investment opportunities in emerging markets,” said Chief Executive Steven J. Borick in a statement.

Shares closed up 83 cents, or 5.7 percent, to $15.28 on the New York Stock Exchange.