Lippert Acquires Way Interglobal Network LLC
14 Noviembre 2022 - 3:15PM
Business Wire
LCI Industries (NYSE: LCII) through its wholly-owned subsidiary,
Lippert Components, Inc. (“Lippert”) which supplies a broad array
of highly engineered components for the leading original equipment
manufacturers (“OEMs”) in the recreation and transportation product
markets, and the related aftermarkets of those industries, today
announced that its subsidiary, Furrion LLC, has acquired
substantially all of the business assets of Way Interglobal Network
LLC (“Way”). Way, headquartered in Elkhart, Indiana, designs,
develops, and supplies innovative appliances and electronics to the
RV Industry. The acquisition does not include Way’s current power
generator assets and operations.
The acquisition of Way and its Everchill and Greystone brands
adds strength to Lippert’s already robust Furrion line of RV
appliances and electronics. Acquired in 2021, Furrion is a leading
brand in the RV and outdoor living space, manufacturing an array of
products from kitchen appliances, heating and cooling, vehicle
observation systems and outdoor televisions. The acquisition of Way
gives Lippert additional North American R&D capabilities
alongside its Hong Kong and Arizona R&D teams in the appliance
and HVAC space. The acquisition also gives Lippert a combined 1.6
million square feet in appliance warehousing space. The Way brand
will not be carried forward after the acquisition; however, the
Everchill and Greystone brands will be added to Lippert’s portfolio
of appliance offerings.
“With the addition of Way Interglobal and its associated brands
to our core lineup of products, Lippert has now become one of the
largest and most innovative appliance suppliers in the RV
Industry,” said Ryan Smith, Group President of Lippert’s North
American OEM businesses. Continued Smith, “Lippert will continue to
push forward with innovation in this space with our combined
resources, developing the products and solutions that our industry
needs as we closely follow the ongoing trends of our markets.”
About LCI Industries
LCI Industries, through its wholly-owned subsidiary, Lippert,
manufactures and supplies, domestically and internationally, a
broad array of highly engineered components for the leading OEMs in
the recreation and transportation product markets, consisting
primarily of recreational vehicles and adjacent industries,
including buses; trailers used to haul boats, livestock, equipment,
and other cargo; trucks; boats; trains; manufactured homes; and
modular housing. The Company also supplies engineered components to
the related aftermarkets of these industries, primarily by selling
to retail dealers, wholesale distributors, and service centers.
Lippert'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; entry, luggage, patio, and ramp doors;
furniture and mattresses; electric and manual entry steps; awnings
and awning accessories; towing products; truck accessories;
electronic components; appliances; air conditioners; televisions
and sound systems; tankless water heaters; and other accessories.
Additional information about Lippert and its products can be found
at www.lippert.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221114006018/en/
Brian Hall, CFO, (574) 535-1125, LCII@lci1.com
LCI Industries (NYSE:LCII)
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