Business in the Burbs

Drew subsidiary completes acquisition

July

Drew Industries Inc., the White Plains company that provides parts for recreational vehicles and manufactured homes, said its subsidiary, Lippert Components Inc., completed its acquisition Goshen, Ind.-based Seating Technology, Inc. and its affiliated companies.

The purchase price of $28.4 million was funded from available cash.

Seating Technology makes products for towable RVs. This acquisition adds an entirely new product line for Drew.

Seating Technologyâ€™s sales for 2007 were approximately $40 million.

This entry was posted on Tuesday, July 1st, 2008 at 4:37 pm by Allan Drury. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Mergers & acquisitions

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