Hopkins Manufacturing Corp. announced today (Jan. 8) that it has acquired Tiger Accessories Group, a supplier of vehicle lighting and cleaning products in North America. Tiger Accessories was a subsidiary of MAT Holdings Inc., a diversified automotive and consumer products company.
According to a press release, the acquisition strengthens Hopkins’ leadership position in towing products with the addition of trailer lighting products to complement its vehicle towing electrical solutions business. Tiger has also established a leading position in auxiliary lighting, including LED light bars, while the company’s vehicle and janitorial cleaning products bolster Hopkins’ position in that segment.
“We are pleased to add the Tiger Accessories products to our portfolio. The acquired products are complementary to our existing towing electrical and cleaning products,” said Bradley T. Kraft, president and CEO of Hopkins. “The addition of the Tiger lighting and cleaning products will drive significant benefits to our customers.”
“We are normally not a seller of businesses, but Hopkins is such a perfect fit for Tiger that it made sense,” said Steve Wang, owner and CEO of MAT Holdings. “Hopkins’ focus on innovation and value are hallmarks of our lighting and cleaning products, and we are confident that Hopkins can grow and develop these businesses in the future.”
As part of the acquisition, Hopkins will add an operations and marketing office in Long Grove, Ill., that will continue to focus on the Tiger products. MAT will continue to distribute the products for the near future.