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Lippert Components And Kinro Announce New Focus On Aftermarket Replacement Parts For Recreational Vehicles

Stocks in this article: DW

GOSHEN, Ind., June 6, 2011 /PRNewswire/ -- Lippert Components, Inc, and Kinro, Inc., subsidiaries of Drew Industries Incorporated (NYSE: DW), a leading supplier of components for recreational vehicles (RV) and manufactured homes, today announced they have launched a new effort to expand their sales of aftermarket RV products. Bob Mater has been hired as director of RV aftermarket services to head up this operation.  

"Many of our existing RV products, including doors, windows, mattresses, upholstered seating, leveling devices, suspension products, slide-outs, and other accessories, have significant aftermarket potential," said Jason Lippert, CEO of Lippert Components and Kinro. " Bob Mater is a true veteran, with 18 years experience in the RV and trailer aftermarket, and he is a great choice to lead this new effort. Our current RV aftermarket sales of $13 million, only scratch the surface of this opportunity. We believe we can profitably expand our sales into this market by devoting a talented team, as well as a separate facility, to focus strictly on gaining additional aftermarket business through RV dealers and wholesale distributors. This effort is another in a series of many steps we have taken over the years to continue to increase both our sales and profits."

Scott Mereness, President of Lippert Components and Kinro added, "Many of our RV components now include features that were not available on new RVs just a few years ago. As a result, our on-line 'e-store' (store.lci1.com), where these new products are available for purchase, has recently gained quite a bit of attention from dealers and wholesale distributors, as well as from RVers. This success has given us enough insight about the potential aftermarket demand for our RV products for us to be confident that an additional focus on this market should be well worth the effort."

About Lippert Components

Lippert Components, and Kinro, Inc., its sister company, supply a broad array of components for RVs and manufactured homes, including chassis, chassis parts, RV slide-out mechanisms, axles, upholstered furniture, mattresses, windows, doors, and thermoformed products. Additional information about Lippert Components and Kinro can be found at www.LCI1.com and www.Kinro.com.

SOURCE Drew Industries Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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