Dexter Axle, a manufacturer of trailer axles and brakes products, announced that it has acquired the North American assets of AL-KO Axis Inc. According to a press release, AL-KO Axis is a manufacturer of axles and other trailer and towable components servicing a wide range of markets including recreational vehicle.
As part of the transaction, the AL-KO Kober Group will become a shareholder in Dexter Axle, and CEO Stefan Kober will join Dexter Axle’s board.
“We are thrilled by this acquisition and the positive impact it will have on our combined customer base,” said Adam Dexter, president and CEO of Elkhart, Ind.-based Dexter Axle. “The addition of the AL-KO people, products and facilities will help us continue to provide the highest level of customer service available in the market place.”
Kober stated, “Over my time in the axle industry, I have recognized the similarities in AL-KO’s and Dexter’s business principles of striving for on-time and complete delivery, producing high quality products, and offering superior customer service. I believe that our customers and employees will appreciate the additional resources that Dexter will bring to this pursuit.”
Dexter operates highly automated facilities in Indiana, Georgia, Oklahoma, California and Tennessee with distribution throughout North America and several other countries. AL-KO Axis has locations in Elkhart, Shawnee, Okla., La Grande, Ore., Tifton, Ga., Ward, Ark., Rock Hill, S.C., and Ankeny, Iowa.
“We have begun to implement plans to utilize our combined capabilities to offer our customers the best service and most comprehensive product line in the industry,” Adam Dexter continued. “We look forward to working with the AL-KO Axis management team through a successful transition.”
Dexter Axle is majority owned by a fund managed by The Sterling Group, a leading private equity firm based in Houston, Texas, with over $1 billion of assets under management.