From Wikipedia
Interesting, I did not know:
BBS Kraftfahrzeugtechnik AG began in 1970 in Schiltach Germany by Heinrich Baumgartner and Klaus Brand as a manufacturing plant for plastic auto body parts. The initials BBS are based on the last names of the two founders and the city in which the company was founded (Baumgartner, Brand, Schiltach).
In 2007 BBS went bankrupt and was taken over by the Belgian firm Punch International.
In 1972 BBS pioneered the development of a three-piece racing wheel, a revolution in motorsport design. Most recently BBS has engineered the Air Inside Technology (AIT) where hollow chambers are created within the wheel structure to compensate for the small air volume in modern ultra-low-profile tyres, reduce unsprung weight, improve handling dynamics, and increase fuel efficiency without sacrificing strength and rigidity.
Japanese company "Washibeam Co., Ltd" manufactures the BBS F1 Magnesium wheel and All racing Aluminum wheels. Since BBS is a customer of Washibeam, manufacture of the wheel will not be discontinued if BBS goes bankrupt.