After 22 years of being owned by Tomkins Industries, Elkhart, Ind.-based based Dexter Axle is about to be sold, employees learned Monday (Oct. 1).
The Elkhart Truth reported that Dexter, which is a supplier to the RV and trailer industry, will be acquired by The Sterling Group, a Houston-based private equity firm.
The sale is expected to close in the last three months of this year, according to an announcement from the Sterling Group.
Franny Jones, director of marketing and investor relations with the Sterling Group, said it’s too early to answer questions about whether the deal will mean changes for Dexter Axle.
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