LCI Industries has announced its acquisition of Goshen, Ind.-based Trazcor Inc., a specialized metal fabrication company.
Trazcor has been in existence for more than 30 years and, according to Lippert, “utilizes innovative technology to supply custom aluminum sidewalls and panels to the recreation and transportation OEM markets.”
In addition to providing aluminum sidewalls to the North American RV industry, Trazcor also supplies custom fabricated products to the utility trailer and marine industries. The company’s 80,000-square-foot facility in Goshen has the capabilities to process aluminum coil in multiple forms and sizes to furnish brake, mesa and multi-blank panels in more than 50 unique colors.
Lippert is no stranger to the metal fabrication business, having vertically integrated its own metal fabrication needs in 1998 with a facility in Goshen that now incorporates more than 153,000 square feet of brake presses, coil-fed, roll-form and precision CNC machines.
“The Trazcor product line fits nicely into Lippert’s core manufacturing competencies,” said Ryan Smith, president of Lippert’s OEM segment. “Every year, Lippert purchases approximately 500,000 tons of steel and 4,000 tons of aluminum, so there are immediate synergies that our two companies can realize. We are very close to the majority of Trazcor’s existing customers and will continue to deliver the level of service that they have come to expect from Lippert. We are excited to welcome the Trazcor team to the Lippert family and are looking forward to a bright future together.”
Andy Murray, chief sales officer for Lippert, added, “Trazcor has an incredible business model and remarkable products. We see this as a tremendous opportunity to grow a new product line for Lippert using a strong financial background and great industry relationships. When we look at strategic acquisitions, we look for organizations that fit our core manufacturing competencies, exceptional culture and a long runway to grow the business, and Trazcor fits this model perfectly.”
Michael Koronkiewicz will be leading the Trazcor sales effort for the Lippert team. Koronkiewicz, who joined Lippert in November after a five-year career as the vice president of sales with Welch Packaging, said he is thrilled about the new opportunity.
“There is a lot of positive energy about the opportunities that this acquisition provides,” he said. “We are looking forward to growing our existing relationships within the industry and are excited to add this great product to our current product offering.”
