DexKo Global has signed an agreement to acquire Preston Chassis Industries through its wholly-owned Australian subsidiary AL-KO International.
PCI has a long history in the Australian caravan industry, supplying chassis for more than 40 years under the direction of its founders, Fernando Pasquale and Orazio Mammola. PCI manufactures chassis and other products from multiple facilities in Campbellfield, Victoria, Australia. Pasquale and Mammola sought a strategic buyer who would continue their legacy and continue to grow the business upon their retirement.
“We are pleased that PCI will become part of DexKo Global,” said Fred Bentley, CEO at DexKo Global. “PCI has built an impressive legacy based on its commitment to provide high-quality products to its loyal customers reliably. We look forward to building upon PCI’s success by offering existing and new customers more complete and innovative running gear solutions. This acquisition brings us closer to delivering our DexKo 2020 plan by growing the product offerings available to our customers.”
“As a long-time business partner and supplier, AL-KO, as part of DexKo Global, understands and values what is special about the PCI business and has the ambition and expertise to build upon our reputation and drive the business further,” said Pasquale.
“PCI has established a remarkable reputation in the caravan industry over the last several decades,” said Harald Hiller, global president and CEO of AL-KO vehicle technology, who also emphasized the benefits for mutual and new customers. “Adding PCI to our Australian business allows AL-KO to offer our collective customers a broad portfolio of products and systems to meet their quality and service requirements.”
Financial details concerning the deal will not be disclosed.