Lippert acquires marine trailer parts manufacturer
Marine Trailer Performance, which supplies boat trailer components, has been acquired by Lippert Components Inc. through its wholly owned subsidiary, Kinro Texas Inc.
Marine Trailer Performance (MTP), based in Texas, US, manufactures trailer axles, axle lubrication systems, hydraulic brake actuators and performance disc brakes for the recreational boat trailer market. The acquisition is said to improve Lippert’s axle portfolio, allowing it to provide innovative axle solutions to OEMs who manufacture both boats and boat trailers, as well as aftermarket dealers and distributors.
Nick Lenzi, former MTP president and CEO, will take on a new role as Vice President of marine axle sales at Lippert. He said:
“We are excited about the acquisition of Marine Trailer Performance. Lippert’s expertise and extensive experience in the axle industry will undoubtedly supercharge MTP’s growth trajectory, empowering us to explore new horizons and expand our operations to unprecedented levels.
“As we move forward, we do so with unwavering enthusiasm, a shared vision and an unyielding determination to lead the industry into uncharted territories.”
Lippert Components, with its HQ in Indiana, US, manufactures and supplies boat accessories and components, including fenders, anchors, glazing systems, shades and biminis to the OEM market and aftermarket.
This acquisition will ensure Lippert’s ability to deliver innovative solutions to a broader range of customers, according to the company.
Bob Boone, Lippert’s axle product manager and Vice President of utility axle sales, commented:
“This acquisition helps fortify our axle portfolio and gives us an opportunity to deliver Lippert’s unparalleled service and value to a brand-new customer base.
“With the MTP acquisition, we are reinforcing our dedication to being a leader in the axle industry. We couldn’t be more excited about the tremendous value this brings to Lippert’s future.”