ELKHART, Ind., Jan. 26,
2018 /PRNewswire/ -- LCI Industries (NYSE: LCII) today announced
that its wholly-owned subsidiary, Lippert Components, Inc. ("LCI"),
a supplier of components for the leading original equipment
manufacturers ("OEMs") of recreational vehicles ("RVs") and
adjacent industries, and the related aftermarkets of those
industries, has completed the previously announced acquisition of
Taylor Made Group, LLC ("Taylor Made"). Headquartered in
Gloversville, New York, Taylor
Made is one of the recreational marine industry's largest, most
diversified suppliers to boat builders and the aftermarket, as well
as a key supplier to a host of other industrial end markets.
Taylor Made operates out of ten facilities, including two in
Europe. Sales of the acquired
business for the twelve months ending December 2017 were approximately $150 million.
About LCI Industries
From over 60 manufacturing and distribution facilities located
throughout the United States and
in Canada, United Kingdom, Ireland and Italy, LCI Industries, through its
wholly-owned subsidiary, Lippert Components, Inc., supplies,
domestically and internationally, a broad array of components for
the leading original equipment manufacturers of recreational
vehicles; buses; trailers used to haul boats, livestock, equipment,
and other cargo; trucks; pontoon boats; trains; manufactured homes;
and modular housing. The Company also supplies components to the
related aftermarkets of these industries primarily by selling to
retail dealers, wholesale distributors, and service centers. LCI's
products include steel chassis and related components; axles and
suspension solutions; slide-out mechanisms and solutions;
thermoformed bath, kitchen, and other products; vinyl, aluminum,
and frameless windows; manual, electric, and hydraulic stabilizer
and leveling systems; furniture and mattresses; entry, luggage,
patio, and ramp doors; electric and manual entry steps; awnings and
awning accessories; electronic components; televisions and sound
systems; navigation systems; backup cameras; appliances; and other
accessories. Additional information about LCI and its products can
be found at www.lci1.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements"
with respect to our financial condition, results of operations,
business strategies, operating efficiencies or synergies,
competitive position, growth opportunities, acquisitions, plans and
objectives of management, and other matters. Statements in this
press release that are not historical facts are "forward-looking
statements" for the purpose of the safe harbor provided by Section
21E of the Securities Exchange Act of 1934, as amended, and Section
27A of the Securities Act of 1933, as amended, and involve a number
of risks and uncertainties.
Forward-looking statements, including, without limitation, those
relating to our future business prospects resulting from
acquisitions, whenever they occur in this press release are
necessarily estimates reflecting the best judgment of the Company's
senior management at the time such statements were made. There are
a number of factors, many of which are beyond the Company's
control, which could cause actual results and events to differ
materially from those described in the forward-looking statements.
These factors include, in addition to other matters described in
this press release, pricing pressures due to domestic and foreign
competition, costs and availability of raw materials (particularly
steel, steel based components and aluminum) and other components,
seasonality and cyclicality in the industries to which we sell our
products, availability of credit for financing the retail and
wholesale purchase of products for which we sell our components,
inventory levels of retail dealers and manufacturers, availability
of transportation for products for which we sell our components,
the financial condition of our customers, the financial condition
of retail dealers of products for which we sell our components,
retention and concentration of significant customers, the costs,
pace of, and successful integration of acquisitions and other
growth initiatives, availability and costs of labor, employee
benefits, employee retention, realization and impact of efficiency
improvements and cost reductions, the successful entry into new
markets, the costs of compliance with environmental laws and
increased governmental regulation and oversight, information
technology performance and security, the ability to protect
intellectual property, interest rates, oil and gasoline prices, the
impact of international, national and regional economic conditions
and consumer confidence on the retail sale of products for which we
sell our components, and other risks and uncertainties discussed
more fully under the caption "Risk Factors" in the Company's Annual
Report on Form 10-K for the year ended December 31, 2016, and in the Company's
subsequent filings with the Securities and Exchange Commission. The
Company disclaims any obligation or undertaking to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made,
except as required by law.
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SOURCE Lambert, Edwards & Associates, Inc.; LCI
Industries