Business in the Burbs

Drew Industries buys trailer maker

July

Drew Industries Inc. of White Plains yesterday said its subsidiary, Lippert Components, bought a maker of specialty trailers for high-end boats for $10.7 million in cash. Drew bought Extreme Engineering Inc. of Riverside, Calif., and its affiliate, Pivit Hitch Inc., both of which had combined sales last year of about $12 million. The deal will add to profitability immediately, Drew said.

This entry was posted on Wednesday, July 11th, 2007 at 6:28 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Mergers & acquisitions

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