The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Jul 29, 2016
DexKo, a seven-month old company created as a result of Dexter Axle acquiring Al-Ko Vehicle Technology in January, has announced it intends to expand the core business of AL-KO Vehicle Technology based in Kötz near Augsburg through the takeover of Winterhoff Group based in Breckerfeld, North Rhine-Westphalia.
Both companies have agreed to this under a contract. With this acquisition, AL-KO is expanding its entire area of the product segments of jockey wheels, couplings and fittings.
Winterhoff is known to be a highly recognized market participant and convinces with its high-quality and innovative products. Furthermore, the company previously supplied some of the jockey wheels sold by AL-KO Vehicle Technology in the past. With this takeover, AL-KO is increasing its own production depth and simultaneously optimizing its internal value-added and supply chains in the European market. The fittings sector will top off the AL-KO range. All partners and customers of Winterhoff will continue to be supported as in the past. The previous contacts will remain the same.
Harald Hiller, President of AL-KO Vehicle Technology, emphasizes the significance of this transaction.
"Winterhoff has been a successful company for decades and is very well positioned in the market with its products," Hiller says. "The strategic fit to AL-KO could not be better, because this integration will further strengthen our core business, which will allow us to service our customers with an even broader range. We will continue the brands of Winterhoff and ALBE Berndes in the existing form."
"This is the ideal time, also in light of the rapid globalization, to put our business on a promising path to a joint future with this merger," Winterhoff Group Managing Director Rainer Winterhoff says. "AL-KO Vehicle Technology is the perfect fit for this strategic move."
AL-KO is part of DexKo, a global leading running gear company. DexKo is committed to meaningfully growing the business through organic gains and acquisitions of quality companies with strong brands.
“We are incredibly excited about the opportunity to add Winterhoff to our company," DexKo CEO Fred Bentley says. "We have spent the first six months after acquiring AL-KO focusing on improving the business and the team has done an incredible job. We believe it is now time to aggressively grow our business. We believe by adding Winterhoff to our business we can meaningfully grow a strong brand by applying our significant resources to change the growth curve. It is the first of many moves we will be making and it is an exciting time to be part of the DexKo organization.”
The transaction is intended to take effect as of Aug. 31, and is subject to approval of the antitrust authority.