Power Products LLC announced the acquisition of Apex, N.C.-based Progressive Industries, a key supplier of surge protection equipment, adapters, and connectors for the RV industry.
According to a press release, Progressive Industries will continue to operate in Apex under the current management team
“Power Products and Progressive Industries share a common vision to provide innovative safety and performance products to the recreational vehicle industry”, said David Scheer, Power Products CEO, in a press release. “This acquisition supports and strengthens our strategic plan to provide mission-critical mobile solutions and is a great addition to our portfolio of leading brands.”
Chris McClain, division president – power products marine and mobile, added, “New generation RVs are now being built with an increasing amount of electronic equipment, and Progressive Industries has responded by developing leading products that provide reliable electrical protection for the consumer. Progressive Industries’ culture of innovative product development is an ideal fit with our company.”