Drew announces acquisition
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- April
- 4
Drew Industries Inc., a White Plains-based manufacturer of parts for recreational vehicles, is buying an manufacturer of RV furniture and products.
Drew’s wholly owned subsidiary, Lippert Components Inc., said that the purchase of Goshen, Indiana-based Seating Technology Inc. adds a new product line for Drew.
Seating Technology’s products include folding sofas for toy hauler RVs, upholstered furniture, mattresses, decorative pillows and wood-backed valences. Drew said that it expected that the acquisition will be funded from available cash. Seating Technology’s sales totaled $40 million in 2007, up from $11 million in 2003.
This entry was posted
on Friday, April 4th, 2008 at 3:47 pm by Jay Loomis.
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Category: Mergers & acquisitions
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