Expansion Mode for Lippert Components
ELKHART, Ind. – Lippert Components Inc., a wholly-owned subsidiary of Elkhart-based LCI Industries (NYSE: LCII) is continuing in expansion mode, as the company announced Friday it has purchased a Wisconsin-based manufacturer of towing products and aftermarket truck accessories.
Lippert acquired the CURT Group in a deal valued at approximately $340 million.
This is the company's second purchase in a week and at least the fourth addition to its portfolio since June.
On Tuesday, the company announced it had purchased the assets of a Michigan-based manufacturer of an electric-powered retractable sunshade for boats and pontoons.
The company in October also purchased a Philadelphia-based maker of sunshade systems for the outdoor recreation industry.
In June, the company announced plans to purchase a United Kingdom-based marine equipment supplier.
The company says the CURT Group transaction is expected to close before the end of 2019.