LCI® Acquires Assets From Midstates Tool & Die & Engineering: Takes LCI’s Automation Capabilities To The Next Level
ELKHART, Ind. —Lippert Components, Inc. (LCI®) announces that it has acquired certain assets and the engineering team of Midstates Tool & Die & Engineering, Inc., a designer and builder of automated equipment, production tooling, progressive dies and one-hit stamping dies. The business will be operated as Lippert Automation, Tool and Die.
“The assets and people we’ve added from Midstates will help us design more efficient and consistent automation processes that are key in producing high quality products for our customers,” said Jason Lippert, Chief Executive Officer of Drew Industries Incorporated, LCI’s parent company.
The former Midstates team brings decades of experience and provides additional support and expertise as a part of the LCI Steel Division. The business also brings LCI several new customers, allowing the Steel Division to further diversify and expand its market reach.
Vice President of LCI Automation and Manufacturing Jeff Few believes the acquisition will help the Steel Division move to the next level. “Combining the seasoned specialists of Midstates with our automation and tool and die team will give us velocity as we further automate to increase productivity and quality.
”Lippert expects the acquisition to drive the next phase of automation for LCI. “The Midstates team has developed a strong reputation for quality workmanship, and we expect to build on that strength.”
From over 70 manufacturing and distribution facilities located throughout North America and Europe, LCI Industries, through its wholly-owned subsidiary, Lippert Components, Inc., supplies, domestically and internationally, a broad array of highly engineered components for the leading OEMs in the recreation and transportation product markets, consisting of recreational vehicles and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries primarily by selling to retail dealers, wholesale distributors, and service centers. LCI's products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; televisions, sound systems, navigation systems, and backup cameras; and other accessories. Additional information about LCI and its products can be found at www.lci1.com.
Lippert Components, Inc.
3501 County Road 6 East
Elkhart, IN 46514