RV supplier American Technology Components Inc. has acquired KIB Electronics LLC and its LePark Mold & Tool operation.
According to a press release, ATC owner Steve Haines will continue as CEO of the combined entities, while KIB owner Mike Hoover will remain active as a board member.
Both companies provide RV, fleet and specialty vehicle manufacturers with custom-designed electronics and plastic components. The acquisition allows expanded product offerings for both firms and an opportunity to better serve their customers.
“From our first conversations, Mike and I knew that combining our established, successful companies created significant synergy to better serve our customers and position us for future growth,” said Haines. “We’re excited to move forward together as partners with our collective, extraordinary people, innovative design solutions and demonstrated manufacturing capabilities.”
“For the last 35 years, KIB has provided our customers with design, engineering, and manufacturing services with a focus on customer satisfaction,” said Hoover. “I look forward to working with Steve and playing an active role in the success of the combined organization.”