Lippert Buys Specialty Chassis Builder Fortress
Lippert Components Inc. (LCI) announced that it acquired the business and certain assets of Fortress Technologies LLC for $3.3 million. According to a press release, Fortress Technologies is a manufacturer of specialized RV chassis located in Middlebury, Ind.
Fortress had annualized sales of about $3 million. The business will be managed by LCI’s chassis division, allowing the team to further strengthen and expand manufacturing capabilities.
“The people and assets we’ve added from Fortress Technologies will help us better serve our customers by increasing our capacity, allowing us to meet the projected industry-wide growth,” said Scott Mereness, president of Drew Industries Inc., LCI’s parent company.
Todd Driver, COO for LCI, added, “The talented Fortress team, as well as a 102,000-square-foot building with a state-of-the-art powder-coating paint booth and other equipment, allows us to expand and fortify current operations.”