Hopkins Mfg. Corp. has announced that it has acquired Tiger Accessories Group, a leading supplier of vehicle lighting and cleaning products in North America. Tiger Accessories was a subsidiary of MAT Holdings, Inc. a diversified automotive and consumer products company.
The acquisition strengthens Hopkins’ position in towing products. Tiger has also established a leading position in auxiliary lighting, including LED Light Bars. The added vehicle and janitorial cleaning products bolster Hopkins’ position in cleaning.
“We are pleased to add the Tiger Accessories products to our portfolio. The acquired products are complementary to our existing towing electrical and cleaning products,” said Bradley T. Kraft, president and CEO of Hopkins. “The addition of the Tiger lighting and cleaning products will drive significant benefits to our customers.”
“We are normally not a seller of businesses, but Hopkins is such a perfect fit for Tiger that it made sense,” said Steve Wang, owner and CEO of MAT Holdings. “Hopkins’ focus on innovation and value are hallmarks of our lighting and cleaning products, and we are confident that Hopkins can grow and develop these businesses in the future.”
As part of the acquisition, Hopkins will add an operations and marketing office in Long Grove, Ill., that will continue to focus on the acquired products. MAT will continue to distribute the acquired products for the near future.
