Dexter has finalized its acquisition of AL-KO Vehicle Technology from AL-KO Kober SE. DexKo Global Inc. has been formed as the parent company and is majority owned by funds managed by The Sterling Group, Dexter’s current majority owners. The combined company will include AL-KO Kober SE as a significant shareholder.
Fred Bentley, a Dexter board member and former CEO of Maxion Wheels, has been named president/CEO of DexKo Global Inc. Adam Dexter will continue in his current responsibilities as president/CEO of U.S.-based Dexter. Harald Hiller will continue his role of president of AL-KO VT. Kevin Garland, a partner at The Sterling Group, will continue as chairman. Stefan Kober, CEO of AL-KO Kober SE, assumes the role of cice chairman.
Dexter manufactures trailer axles, brakes and related components in North America serving the utility trailer, recreational vehicle, heavy duty, manufactured housing, agricultural, marine, and specialty trailer markets. Dexter is headquartered in Elkhart, Ind., and has nine manufacturing facilities in the U.S.
Headquartered in Kötz, Germany, AL-KO VT designs and manufactures trailer axles, trailer and caravan components, chassis and motorized chassis. The company operates from more than 20 locations around the world, including Europe, Australia, South Africa, China and South America.
The combination of Dexter and AL-KO VT creates an organization with sales approaching $1 billion. The Dexter and AL-KO VT brands will continue in their respective geographies.
Source: DexKo Global