Dexter to Acquire Utah Manufacturer

Posted: Updated:
ELKHART -

Elkhart-based Dexter Axle is adding to its portfolio. The company has announced plans to acquired Utah-based Henderson Wheel & Trailer Supply Inc. Financial details of the deal were not released.

Henderson manufactures sprung and torsion axles and fenders. It is also a distributor of axles, trailer components and fenders. Fred Bentley, chief executive officer of Dexter parent DexKo Global Inc., says the addition of Henderson's products and manufacturing facilities will strengthen the company's presence in the western portion of the country.

Dexter CEO Adam Dexter says the acquisition provides an opportunity to better serve all of the company's customers.

"Our focus will be to further enhance our commitment to the core Dexter principles of safety, quality, and customer service that have been the foundation of our success for over 50 years," said Dexter. "By concentrating on these areas, we are confident that the addition of Henderson will bring value to all our mutual customers."

The company did not immediately state if any jobs would be affected by the deal.

  • Perspectives

    • Look What's Coming: Tax Reform!

      President Trump and Congress are focused on completing a tax bill prior to year-end. Unfortunately, their timing may require quick action to implement a tax strategy in 2017 that can take advantage of the 2018 changes. What's a taxpayer to do?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Pacers Set For 'Major' Esports Announcement

      Pacers Sports & Entertainment is planning to Tuesday make what it calls a major announcement regarding the NBA 2K League. The organization is one of 17 NBA teams taking part in the inaugural season of the esports league, which is set to kick off in 2018.

    • Minnesota Company Planning $62M Fort Wayne Investment

      Plans for a nearly $62 million private, mixed-use development have been announced for the Fort Wayne riverfront. The seven-story project will be located next to Promenade Park, which is currently under construction and is one of the signature pieces of the downtown resurgence. Plans from Minnesota-based Continental Property Group include 150 apartments, 20,000 square-feet of retail space and more than 1,000 parking spaces.

    • Anderson Losing 'The Nile'

      A Mediterranean restaurant in Anderson that has been around almost 30 years is closing. In a message on Facebook, the owners of The Nile say they will close "for good" December 23. The restaurant, which is run by Angele and Samir Naby opened in 1990, and bills itself as offering "A Journey of Taste." The message from the Nabys reads...

    • Hundreds of Jobs Planned in Indianapolis

      Delaware-based Sallie Mae (Nasdaq: SLM) is again growing its Indianapolis footprint. The company, which announced a nearly $16 million expansion mid-last year, says it will invest nearly $12 million and add 350 jobs within three years. The newest job commitment, the student loan provider says, will be "over and above" the nearly 280 it pledged last year. In an agreement published by the Indiana Economic Development Corp., Sallie Mae says...

    • The Human Side of Digital Transformation: Dealing With The Monkeys in Your Brain

      "It's not the strongest of the species that survives nor the most intelligent that survives. It's the most adaptable to change," said Charles Darwin. Throughout digital transformation discussions with executives (in and outside of IT), one of the most common conversations is the complexity and challenge surrounding change. Bottom line, change is hard, requires knowing yourself and embracing differences to continue growing your business. Are you ready?