Dometic announced that it has entered into an agreement to acquire Front Runner Vehicle Outfitters, a South Africa-based, global provider of high-quality products for the outdoor market. Its products include roof racks, rooftop tents, storage products and load bars. Its products are sold on four continents through direct-to-consumer e-commerce channels, which accounts for about half of all total sales. The company also has a network of some 600 dealers.
Net sales in the last fiscal year were approximate $35 million.
Dometic has identified the vehicle-based outdoor market as a strong opportunity for growth. Front Runner Vehicle Outfitters, with its offering of high-quality outdoor products, is a perfect fit to Dometic’s existing offering for this market, its new parent company said.
“I am pleased to welcome Front Runner Vehicle Outfitters and its employees to Dometic,” said Juan Vargues, president and CEO of Dometic. “With this acquisition we are strengthening our offering and distribution network for the outdoor market. Our strategy for profitable expansion in mobile living is built on a combination of organic and acquisitive growth. This is our fourth announced acquisition this year and our pipeline of potential future acquisitions remains strong.”
