Elkhart-based Lippert Components Inc. (NYSE: LCII) has acquired Trazcor Inc., a metal fabrication company located in Goshen. Trazcor supplies custom aluminum sidewalls and panels to the recreation and transportation original equipment manufacturers.
Financial terms of the deal were not disclosed.
“The Trazcor product line fits nicely into Lippert’s core manufacturing competencies,” said Ryan Smith, president of Lippert’s OEM segment. “Every year Lippert purchases approximately 500,000 tons of steel and 4,000 tons of aluminum, so there are immediate synergies that our two companies can realize. We are very close to the majority of Trazcor’s existing customers and will continue to deliver the level of service that they have come to expect from Lippert.”
Trazcor also supplies custom fabricated products to the utility trailer and marine industries. The company’s 80,000-square-foot facility has the capabilities to process aluminum coil in multiple forms and sizes to furnish brake, mesa and multi-blank panels in more than 50 colors.
“Trazcor has an incredible business model and remarkable products,” said Andy Murray, chief sales officer for Lippert. “We see this as a tremendous opportunity to grow a new product line for Lippert using a strong financial background and great industry relationships. When we look at strategic acquisitions, we look for organizations that fit our core manufacturing competencies, exceptional culture and a long runway to grow the business, and Trazcor fits this model perfectly.”
Lippert says Michael Koronkiewicz will be leading the Trazcor sales efforts. Koronkiewicz joined Lippert in November after a five-year career as the vice president of sales with Elkhart-based Welch Packaging.