DexKo Global Inc., a supplier of trailer running gear, chassis assemblies and related components, announce that its subsidiary, Dexter Axle Co., has acquired Orange City, Iowa-based Silent Drive, according to a press release.
Since 1953, Silent Drive has served the specialty heavy duty suspension market offering air suspensions for liftable tags and pushers, drive axle suspensions, as well as primary and auxiliary lift axles on trailers.
“The addition of Silent Drive to Dexter’s already-diverse product portfolio will further expand our specialty heavy duty and suspension capabilities, allowing continuous growth for both brands,” said Adam Dexter, president and CEO. “Our companies’ core foundations of innovation and delivering a quality product align exceptionally well.”
“Silent Drive has built a solid company, growing through product innovation and customer service. We appreciate their focus on industry-leading products and look forward to the continued growth this new partnership provides,” states Fred Bentley, CEO of DexKo Global. “After completing five acquisitions in 2019, this is our first acquisition in 2020. We continue to broaden our industry-leading product offerings, expand our geographic reach and diversify our customer base. The acquisition of Silent Drive allows us to do this. The Dexter and Silent Drive teams are committed to building our combined companies and supporting our “Together is Better” culture.”
Dexter, headquartered in Elkhart, Ind., employs over 2,400 people in the U.S. and Canada and operates 16 manufacturing facilities.