LCI Acquires Italy-based Metallarte
LCI Industries announced that its wholly owned subsidiary, Lippert Components, has acquired Metallarte, a Siena, Italy-based manufacturer of entry and compartment doors, and its subsidiary, RV Doors, a Venice, Italy-based manufacturer of driver-side doors, for the European caravan (RV) market. Revenues of Metallarte in 2016 were approximately $12 million. LCI paid a reported $16.8 million in cash at closing, plus an earnout based on future sales.
