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 .
Wed Jun 6, 2018
Author: RV News Staff
Elkhart-based LCI Industries is continuing its growth through acquisition strategy in 2018. The company has acquired Italy-based manufacturer STLA s.r.l. in a $15.4 million deal.
STLA manufactures bed-lifts and other recreational vehicle components for the European caravan market. The company's sales in 2017 totaled $21 million. LCI President Scott Mereness says the acquisition leaves LCI well-positioned to take advantage of other investment opportunities.
"We believe this transaction accelerates the opportunities to expand LCI’s product offerings for the European RV market,” Mereness says. "Our strong balance sheet combined with solid operating cash flow positions the company to invest in future growth. With over five billion dollars of incremental addressable market, we continue to strategically position the company to take advantage of that runway."
This is LCI's third acquisition this year. The company previously announced the acquisitions of New York-based marine and industrial supplier Taylor Made Group LLC and California-based window manufacturer Hehr International Inc.