Acquisition of Lavet Srl seen as key to strengthening product category in years ahead
Elkhart, Indiana-based Lippert Components Inc (LCI) has acquired Siena, Italy-based window blind manufacturer Lavet Srl.
The acquisition of Lavet allows LCI to expand its product portfolio in key, high-demand categories while leveraging sales and operational synergies between the two companies. LCI and Lavet have worked closely for several years serving OEM clients in Europe, a partnership which allowed LCI to gain significant insight into the company’s management team and product portfolio.
LCI Europe CEO Michele Checcucci said the acquisition of Lavet represents a strong fit with Lippert’s existing business platforms on the continent. “The experience and professionalism of Lavet’s managing director, Maurizio Pieramici, together with the solidity and dynamism of LCI’s European division team will be the engine to innovate and strengthen this product category in the years to come,” said Checcucci.
With more than 65 manufacturing and distribution facilities located in the US, Canada, Ireland, Italy and the UK, LCI produces a broad range of engineered components as an OEM and aftermarket supplier to the marine, RV and industrial product markets worldwide.