Elkhart, Indiana – LCI Industries (NYSE: LCII) (“LCI®”), a supplier of components for the leading original equipment manufacturers (“OEMs”) of recreational vehicles (“RVs”) and adjacent industries, and the related aftermarkets of those industries, today announced that its wholly-owned subsidiary, Lippert Components Manufacturing, Inc., has acquired substantially all of the business assets of Hehr International Inc. (“Hehr”). Headquartered in Los Angeles, California, Hehr manufactures windows as well as tempered and laminated glass for the RV, transit, specialty vehicle, and other adjacent industries. Hehr, which operates out of five U.S. locations, achieved sales of approximately $55 million for the twelve months ended December 2017.
“We are excited to add Hehr’s business and employees to our growing portfolio of window and glass solutions for the RV and specialty vehicle markets,” said LCI’s CEO Jason Lippert. “Hehr represents many characteristics we look for in acquisitions: great teams, great products with diversified markets, and a great opportunity for growth.”
The Hehr team will remain with LCI to lead the acquired business under the direction of Josh Roan, Vice President of Operations.
Hehr CEO Mary Utick added, “We are thrilled to be part of the LCI team. Joining forces with an industry leader such as Lippert presents unique opportunities for growth, continued innovation, and overall advancement. We look forward to our future together.”
LCI President Scott Mereness added, “Hehr’s geographic diversification allows us to better serve our customers. Additionally, their customer base is a great mix of various industries that we know or are targeting for growth. Hehr is another highly strategic LCI investment. We expect to leverage our purchasing, sales, distribution, and administrative capabilities to improve the profitability of this business, and we expect this acquisition to be immediately accretive to LCI’s earnings.”
From over 65 manufacturing and distribution facilities located throughout the United States and in Canada, Ireland, Italy, and the United Kingdom, Lippert Components, Inc. (LCI®), a subsidiary of LCI Industries (NYSE:LCII), supplies a broad array of highly engineered components for the leading original equipment manufacturers of the leisure and mobile transportation industries, 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. LCI also supplies 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 chassis 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; furniture and mattresses; entry, luggage, patio, and ramp doors; electric and manual entry steps; awnings and awning accessories; electronic components; televisions and sound systems; navigation systems; backup cameras; appliances; and other accessories. Additional information about Lippert Components and its products can be found at LippertComponents.com.
Lippert Components, Inc.
3501 County Road 6 East
Elkhart, IN 46514
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