Elkhart, Indiana (PRWEB) December 17, 2013
Lippert Components, Inc. (LCI™) announces that it acquired the business and certain assets of Fortress Technologies, LLC, a manufacturer of specialized RV chassis located in Middlebury, Ind., for $3.3 million. Fortress had annualized sales of about $3 million. The business will be managed by LCI’s Chassis Division, allowing the team to further strengthen and expand manufacturing capabilities.
“The people and assets we’ve added from Fortress Technologies will help us better serve our customers by increasing our capacity, allowing us to meet the projected industry-wide growth,” said Scott Mereness, President of Drew Industries Incorporated, LCI’s parent company.
Todd Driver, Chief Operations Officer for LCI, added, “ The talented Fortress team, as well as a 102,000-square-foot building with a state-of-the-art powder-coating paint booth and other equipment, allows us to expand and fortify current operations.”
About Lippert Components™:
Lippert Components, Inc. (LCI™) and Kinro, Inc., its sister company, subsidiaries of Drew Industries Incorporated (NYSE:DW), are industry leaders in a broad line of products dedicated to improving the mobile lifestyle. LCI and Kinro supply a broad array of components for RVs, manufactured homes, modular housing, truck caps and buses, as well as for trailers used to haul boats, livestock, equipment and other cargo, including chassis, fabricated steel chassis parts, slide-out mechanisms, axles, upholstered furniture, mattresses, windows, doors, leveling and stabilization equipment, suspension enhancement products, electronics, thermoformed products, awnings and aluminum extrusion products.
Lippert Components, Inc.
3501 County Road 6 East
Elkhart, IN 46514