LCI Industries, which, through its wholly owned subsidiary, Lippert Components Inc. (LCI), supplies a broad array of highly engineered components for the leading original equipment manufacturers of leisure vehicles and mobile transportation, and the related aftermarkets of those industries, announced recently that, effective Jan. 1, 2020, Furrion Limited will take over the sale and distribution of Furrion products previously handled by LCI.
LCI and Furrion have enjoyed a very successful four-year partnership providing Furrion appliances and electronic products to OEMs and aftermarket customers throughout the United States and Canada during which time Furrion has grown significantly. While the businesses will continue to explore opportunities to work together, with the potential impact of expanded tariffs, LCI and Furrion have decided that it is in the best interests of their customers that effective Jan. 1, 2020, Furrion will distribute its products directly to the customer and assume all responsibilities previously carried out by LCI relating to Furrion products.
Both parties have been working together to achieve this goal and will continue to do so in order to ensure a seamless transition. This transition includes an option for Furrion to lease LCI’s warehouse and related equipment after Jan. 1, 2020.
Jason Lippert, CEO and president of LCI, commented, “This transition, and the added ability for LCI and Furrion to pursue tailored strategies separately and more effectively given significant changes in global trade, will allow LCI to focus on strategic acquisitions and product development to meet the evolving needs of our customers. LCI values the strong relationships it has with its customers and will continue its mission of providing each customer with innovative product solutions.”
Aaron Fidler, CEO and president of Furrion, commented, “I would like to thank Jason and his team for their partnership over the last four years. During that time, we have built up a team of over 200 people spread over R&D, engineering and industrial design globally, all dedicated to developing new and innovative products for the RV/marine and specialty industry markets. With a runway of over 87 products due to be launched over the next 12 months and expanding significantly over the next 5 years, we look forward to working directly with the OEM and the aftermarket dealers to ensure that the end user is getting cutting edge, reliable technology at a market leading price.”
