LCI Industries, through its wholly owned subsidiary Lippert, announced that its subsidiary, Lippert Components Manufacturing, has acquired substantially all the furniture business assets of CWDS, a subsidiary of Camping World Holdings, effective May 3.
The strategic acquisition expands Lippert’s furniture portfolio, allowing it to continue its mission of offering a comprehensive selection of products to RV and marine OEM and aftermarket customers. Lippert expects the transaction to improve the customer experience through enhanced product offerings and innovative solutions in the RV and marine industries, it said.
Lippert first entered the RV interiors segment in 2009 and over the past 15 years has grown to be the leading supplier of furniture to the RV industry. The acquisition is expected to create immediate synergies and enable Lippert to continue to provide quality RV interior solutions to both the OEM and aftermarket segments.
Lippert, as a Camping World premier vendor, will have the opportunity to influence how its products are positioned within the Camping World retail stores. Additionally, Camping World and Lippert will work together to enhance selection on Camping World’s online marketplaces, campingworld.com and overtons.com, utilizing Lippert’s vast RV, automotive and marine product catalogs.
“We are very excited to bring the Lippert and Camping World partnership to new levels” said Jason Lippert, president and CEO of Lippert. “While we have been key partners for years, both organizations feel strongly that there is more to do to improve the customer experience as suppliers and dealers. Our goal is to combine Lippert’s technical subject matter expertise, training, products and innovation with Camping World’s vast network of dealerships to be the leading force in RV installations, enhancements and repairs.”
Marcus Lemonis, chairman and CEO of Camping World, said, “We look forward to our expanded partnership as we collectively work toward further elevating the retail and service experience in our dealerships.”