Lippert Acquires Way Interglobal Network LLC
November 15, 2022
Elkhart, Ind. — LCI Industries (NYSE: LCII) through its wholly-owned subsidiary, Lippert Components, Inc. (“Lippert”) which supplies a broad array of highly engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, and the related aftermarkets of those industries, today announced that its subsidiary, Furrion LLC, has acquired substantially all of the business assets of Way Interglobal Network LLC (“Way”). Way, headquartered in Elkhart, Indiana, designs, develops, and supplies innovative appliances and electronics to the RV Industry. The acquisition does not include Way’s current power generator assets and operations.
The acquisition of Way and its Everchill and Greystone brands adds strength to Lippert’s already robust Furrion line of RV appliances and electronics. Acquired in 2021, Furrion is a leading brand in the RV and outdoor living space, manufacturing an array of products from kitchen appliances, heating and cooling, vehicle observation systems and outdoor televisions. The acquisition of Way gives Lippert additional North American R&D capabilities alongside its Hong Kong and Arizona R&D teams in the appliance and HVAC space. The acquisition also gives Lippert a combined 1.6 million square feet in appliance warehousing space. The Way brand will not be carried forward after the acquisition; however, the Everchill and Greystone brands will be added to Lippert’s portfolio of appliance offerings.
“With the addition of Way Interglobal and its associated brands to our core lineup of products, Lippert has now become one of the largest and most innovative appliance suppliers in the RV Industry,” said Ryan Smith, Group President of Lippert’s North American OEM businesses. Continued Smith, “Lippert will continue to push forward with innovation in this space with our combined resources, developing the products and solutions that our industry needs as we closely follow the ongoing trends of our markets.”
From over 140 manufacturing and distribution facilities located throughout North America, Africa and Europe, Lippert™ supplies a broad array of highly engineered components for the leading manufacturers of recreational vehicles and prefab homes. It also operates in adjacent markets, including marine, bus, industrial vehicles and trains. Lippert™ also serves a wide range of aftermarket segments, providing high quality products for the caravanning, automotive and marine industries. With over 15,000 team members, and a diverse portfolio of best-in-class brands, Lippert™ adopts a team-based business philosophy and has proven that, by putting people first, the possibilities for growth and development are truly endless.
3501 County Road 6 East
Elkhart, IN 46514