Covercraft Acquires Lloyd Mats

Covercraft Acquires Lloyd Mats

This acquisition is the first completed under Covercraft’s new ownership, Audax Private Equity.

Covercraft has announced the acquisition of Lloyd Mats, an industry leading manufacturer of custom fit carpeted floor and cargo mats for cars, trucks, vans, SUVs and RVs.

Since 1978, Lloyd Mats has developed a comprehensive library of vehicle application-specific patterns in the custom floor mat category. The company offers multiple branded, licensed, and personalized versions of its floor mats across dozens of colors and carpet styles.  Through its focus on design, quality, and service, Lloyds has emerged as a leader in auto and truck carpeted floor mats.

“As a premier source of carpeted floor mats, we are excited to have Lloyd Mats join the Covercraft family,” reports Covercraft’s CEO, Matt Jordan. “We see strong alignment in terms of quality, values and service levels that we believe makes this acquisition a mutually complementary fit, not just for the companies but also for our customers seeking to protect the things that are important to them.”

Brendan Dooley, president of Lloyd Mats, noted, “The merger with Covercraft brings additional resources and growth opportunities for Lloyd Mats and preserves our focus on building the highest quality products in the market and providing fast, effective, service.  Lloyd’s management team looks forward to working with the Covercraft team to build together what we feel could become the most comprehensive vehicle protection company in the industry.”

 Jason Ellis, managing director at Audax, added, “Covercraft introduced the first custom fit car cover more than 55 years ago and is a long-standing leader in the vehicle protection accessories market. This is an exciting first step on the path to expanding the markets we serve, bringing in new skills and knowledge, and leveraging Covercraft’s skills in driving growth and efficiency.”

You May Also Like

Standard Motor Products’ VVT Program Expands

SMP said the program offers more than 600 part numbers for import and domestic vehicles, with new numbers added each month.

Standard Motor Products’ VVT Program Expands

Standard Motor Products, Inc. announced the expansion of its Variable Valve Timing (VVT) program. SMP said the program offers more than 600 part numbers for import and domestic vehicles, with new numbers added each month.

Standard added its complete VVT Program features Sprockets, Solenoids, Oil Control Valves, and Blue Streak VVT Solenoid Kits and Service Kits, as well as related parts like VVT Spool Filters, Chain Tensioner Kits, Adjuster Magnets and more. Each component is subjected to "extensive testing" in the lab, on vehicles, and end-of-line tested to ensure that they correctly integrate with the complex VVT systems found on today’s vehicles, according to SMP.

GKN Reduces Total CO2e Emissions by 10.5%

GKN said its sustainability strategy is based around four strategic pillars, as it aims for its emissions reduction target to be net-zero across its value chain by 2045.

GKN reduces direct CO2e emissions by 10.5% in 2023
Dana Expands Line of Spicer ReadyPack Kits

Dana added new part numbers to its line of Spicer ReadyPack preassembled kits for commercial-vehicle driveshafts, coupling shafts and interaxle shafts.

Dana Expands Line of Spicer ReadyPack Kits
Bendix Marks One Year of Accident-Free Operations

Five hundred people work at the company’s Huntington, Indiana, campus, where 365 days have gone by without a recordable injury, according to Bendix.

Bendix Marks One Year of Accident-Free Operations
Bosch Releases 87 New Part Numbers in June

Bosch’s new part numbers cover 318 million vehicles in operation across North America.

Other Posts

Hengst Filtration Acquires Canadian-American Filter Company

Hengst will take over North American hydraulic filter manufacturer Main Filter.

Hengst Filtration Acquires Canadian-American Company
HDA Truck Pride’s The Service Co. Acquires BSA of Ohio

The acquisition expands the company’s presence in the Dayton, Ohio, market.

HDA-Truck-Prides-The-Service-Co.-Acquires-BSA-of-Ohio
Sun Auto Tire & Service Acquiring Caliber Auto Care

The company is acquiring 33 Caliber Auto Care locations throughout the state of Texas.

Sun Auto Tire & Service Acquiring Caliber Auto Care
Quality Collision Group Acquires Philip Thearle’s Autowerks

QCG is adding the San Diego-based collision center to its portfolio.

Quality Collision Group Acquires Philip Thearle’s Autowerks