U.S.-based Lippert Components Manufacturing Inc. (LCI), an international supplier of OEM components to several transportation industries, has acquired all of the business assets of Los Angeles-based Hehr International Inc., a manufacturer of tempered and laminated glass for the RV, transit, specialty vehicle and related industries.
Hehr, which operates out of five U.S. locations, had sales of approximately $55 million in 2017.
“We are excited to add Hehr’s business and employees to our growing portfolio of window and glass solutions for the RV and specialty vehicle markets,” said LCI’s CEO Jason Lippert. “Hehr represents many characteristics we look for in acquisitions: great teams, great products with diversified markets and a great opportunity for growth.”
The Hehr team will remain with LCI to lead the acquired business under the direction of Josh Roan, vice president of operations.
“We are thrilled to be part of the LCI team,” said Hehr CEO Mary Utick. “Joining forces with an industry leader such as Lippert presents unique opportunities for growth, continued innovation and overall advancement. We look forward to our future together.”
“Hehr’s geographic diversification allows us to better serve our customers,” said LCI President Scott Mereness. “Additionally, their customer base is a great mix of various industries that we know or are targeting for growth. Hehr is another highly strategic LCI investment. We expect to leverage our purchasing, sales, distribution, and administrative capabilities to improve the profitability of this business, and we expect this acquisition to be immediately accretive to LCI’s earnings.”
LCI reported net sales of $2.1 billion in 2017.