Recreational vehicle supplier Kinro buys Agile Vehicle thermoforming business

By Rhoda Miel
News Editor

Published: July 13, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Thermoforming

GOSHEN, IND. (July 13, 12:30 p.m. ET) — Recreational vehicle supplier Kinro Inc. is acquiring the thermoforming design and production operations of Agile Vehicle Modifications Inc., adding to its capabilities in plastic components and tooling.

Goshen-based Kinro, which is part of Drew Industries Inc. of White Plains, N.Y., will pay $300,000 for the business when the deal closes, with up to another $150,000 to be paid depending on the first year of sales, the company said in a July 12 news release. Kinro will lease production space from Agile Vehicle in Elkhart, Ind.

The unit has annual sales of less than $1 million.

Kinro makes vinyl and aluminum windows and doors for the RV and manufactured-building markets. Agile is a specialty converter of custom trucks and vans, producing interior and exterior parts.

The business will give Kinro a wider product and customer line and fits its expansion into specialty markets, said President Scott Mereness.


Comments

Recreational vehicle supplier Kinro buys Agile Vehicle thermoforming business

By Rhoda Miel
News Editor

Published: July 13, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Image

L-E-M adds capabilities, intellectual property with acquisition

January 15, 2015 4:12 pm ET

Plastics fabricator and distributor L-E-M Plastics & Supply Co. Inc. is banking on old-world craftsmanship to help it rebound from recent setbacks.    More

Image

Mohawk buying IVC Group for $1.2 billion to grow in luxury vinyl tile

January 14, 2015 5:29 pm ET

Mohawk Industries Inc., which bills itself as the world's largest flooring company, is acquiring IVC Group — a rapidly growing manufacturer of l...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events