Drew Industries Relocating To Elkhart County, Indiana, To Consolidate Corporate And Manufacturing Divisions
Through its wholly-owned subsidiaries, Kinro and Lippert Components, Drew Industries supplies a broad array of components for RVs, manufactured homes, modular housing, truck caps and buses, and trailers used to haul boats, livestock, equipment and other cargo. Drew serves most major national manufacturers of RVs and manufactured homes.
Consolidating Drew's corporate functions with its Indiana-based manufacturing operations, Lippert Components and Kinro, will be both cost-effective and result in an even greater exchange of ideas and expertise between Drew's management team and executives across the RV and manufactured housing industries, the firm said.
Jason D. Lippert, Chairman and Chief Executive Officer of Lippert Components and Kinro, subsidiaries of Drew, has been named Drew’s new Chief Executive Officer. "We will continue our strategic initiatives to enhance Drew's cash flow and profitability. We intend to accomplish this by providing the highest quality products and superior service, both to our existing customers, and to new customers in the adjacent markets we have been developing in accordance with our ongoing strategic planning process. We have always provided our customers with products that add value and offer innovative solutions to their business needs. It is essential that we maintain our outstanding reputation among both our customers and the investment community,” he said. The firm said upon completion of the transition, the Company will save an estimated $2 million annually in general and administrative costs.
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