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Atwood Buying RV Icon Fan-Tastic Vent Co.
Posted By RVBusiness On December 21, 2010 @ 3:42 pm In Breaking News | 1 Comment
Atwood Mobile Products LLC reached an agreement today (Dec. 21) to acquire the privately held Fan-Tastic Vent Co. located in Imlay City, Mich.
Fan-Tastic Vent, founded 25 years ago, is a market leader in 12-volt powered vents, selling primarily to the recreational vehicle market.
Penny Milks, president of Fan-Tastic Vent and widow of founder Steve Milks, stated in a press release, “We have chosen to sell to Atwood as they hold to the same high standards as Fan-Tastic regarding customer service and quality, and the two companies together will bode well for the RV Industry.”
With this acquisition, Atwood will further strengthen its breadth of product offerings to the RV OEM as well as to the aftermarket. Atwood is currently a leading supplier of ranges, water heaters, furnaces, chassis hardware, entry doors, windows, LP and CO alarms, seating hardware, LP tanks and roof ladders.
“Fan-Tastic Vent is an exceptionally well regarded vent manufacturer that we believe will be a great complement to Atwood’s current product portfolio,” said Atwood President Tim Stephens. “Their strong market share position built upon a reputation for quality and customer service makes them an excellent addition to the Atwood family.”
Richard Kingdon, executive vice president for Atwood, added, “The purchase of Fan-Tastic Vent aligns with Atwood’s long-term strategy as we seek ways to better serve customer and end-user needs through innovation, product development and strategic acquisitions.”
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