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 .
Tue Jun 13, 2017
Boyden, Iowa - Demco, manufacturers of RV aftermarket products (KarKaddy, fifth wheel hitches and tow bar systems), has announced it has acquired the complete product line of SMI Mfg, a leading supplemental brake system supplier.
The purchase of SMI, based in Newburgh, Indiana, further increases and broadens Demco’s position in the RV aftermarket products arena.
“The combination of the SMI brand with our Demco branded towing products, will provide our customers with a more significant single source option,” Demco President Bob Koerselman says. "This acquisition will bolster our position in the market, increase our market share in this space as well as build on multiple synergies for Demco.”
“The sale of SMI product line began as a simple conversation over the course of the past year to what it is today,” SMI President Peter Schuck says. "We have always felt that if or when we were ever ready to discuss with a potential buyer, we wanted to see similar values, all the way from their view on customers, their staff as family as well as a sincere faith component."
With a projected closing date of June 30, Demco and SMI have agreed to maintain production and current SMI staff in Newburgh, until facilities in Boyden, Iowa take all business operations over by Dec. 1. This will insure minimal disruptions for all customers and suppliers during this time, according to a press release.