Dexter Axle has completed the acquisition of L. E. Technologies, expanding the Elkhart, Ind.-based supplier’s presence in the recreational vehicle industry.
According to a press release, Dexter Axle is the leading manufacturer of light to medium duty trailer axles in North America with eight manufacturing locations and over 1,500 employees.
L. E. Technologies, also based in Elkhart, has several subsidiaries, including: Elkhart-based metal component fabricator Amfab; frame builders Leland Engineering, White Pigeon, Mich., and Venture Technologies, Elkhart; and Elkhart-based Electro-Coat Technologies.
The firm, previously owned by Mellon Venture Capital, Pittsburgh, Pa., is currently in an expansion mode. In December, the company announced construction plans for a 110,000-square-foot production facility to expand Amfab’s metal fabrication capabilities.
L. E. Technologies currently employs approximately 500 people in their Indiana and Michigan facilities.
Mike Jones, president of Dexter Axle commented: “Both companies focus on quality and customer satisfaction, providing a natural fit and we believe that business synergies will provide substantial opportunity to improve both companies.”
Dexter Axle is a wholly owned subsidiary of Tomkins, a global engineering and manufacturing group.