Lippert Components® acquires assets from Fortress Technologies, LLC, to expand chassis manufacturing capacity
ELKHART, Ind. — 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.”
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