Hopkins Manufacturing Corp. has acquired Tiger Accessories Group, a supplier of vehicle lighting and cleaning products in North America. Tiger Accessories was a subsidiary of MAT Holdings Inc., a diversified automotive and consumer products company.
Hopkins says this acquisition strengthens its leadership position in towing products, which adds trailer lighting products to complement its vehicle towing electrical solutions business. Tiger also has established a leading position in auxiliary lighting, including LED Light Bars. The added vehicle and janitorial cleaning products will bolster Hopkins’ position in cleaning products, the company says.
“We are pleased to add the Tiger Accessories products to our portfolio. The acquired products are complementary to our existing towing electrical and cleaning products,” said Bradley Kraft, president and CEO. “The addition of the Tiger lighting and cleaning products will drive significant benefits to our customers.”
“We are normally not a seller of businesses, but Hopkins is such a perfect fit for Tiger that it made sense,” said Steve Wang, owner and CEO of MAT Holdings. “Hopkins’ focus on innovation and value are hallmarks of our lighting and cleaning products, and we are confident that Hopkins can grow and develop these businesses in the future,” added Wang.
As part of the acquisition, Hopkins will add an operations and marketing office in Long Grove, Illinois, which will focus on the acquired products. MAT will continue to distribute the acquired products for the near future.
