Dicor Corp. Finalizes Sale of Alta Resources
Elkhart, Ind.-based Dicor Corp., a leading supplier of products to manufacturers for recreational and conversion vehicles as well as aftermarket products for RVs, announced today (Dec. 9) it has finalized an agreement for the purchase of the primary products of the company’s Alta Resources affiliate by American Technology.
Alta Resources is a supplier of OEM and aftermarket wiper systems and fluid containers through a partnership with Trico Corp. and also is also the leading supplier of wireless remote control systems and its Slide-Lock product for RV slideouts. American Technology, also headquartered in Elkhart, is acquiring these products while also introducing the Genesis line of remote motor controls, a new generation of remotes for RV and related industries.
Other products previously marketed by Alta Resources, including table hardware, steps and TV brackets, will become part of the product line of Dicor Corp.’s affiliate, Dicor Products.
“Alta Resources has been a valued member of the Dicor Corp. family since its founding nearly 13 years ago,” said Gregg Fore, Dicor Corp. president. “The Alta Resources personnel as well as the products that will now be part of American Technology have proven to be top performers in the markets they serve. Alta Resources has been associated with American Technology for more than 10 years, so we believe this move should be a perfect fit for the people and products, making for a smooth and successful transition.”
Fore said the agreement effectively enhances Dicor Corp.’s ongoing capabilities. “This transaction gives us additional resources to support the numerous innovations coming out of our other companies,” he said.
In addition to Dicor Products, Dicor Corp. affiliate companies include Vixen Components, Seal Design and United Shade.
“The acquisition of the Alta Resources product lines is in harmony with our core competencies and our strategic plans for product and market expansion,” noted Steve Haines, American Technology chairman and CEO. “We welcome the opportunity to expand Alta’s market, and appreciate our long association with Dicor Corp.”