DexKo Global, Inc. announced that its wholly-owned subsidiary, Dexter Axle Company, acquired HiSpec Wheel & Tire, Inc., located in Mishawaka, IN.
Founded in 1995, HiSpec makes aluminum and steel wheels, tires and related accessories for the RV, trailer and transportation industries.
Dexter, headquartered in Elkhart, IN, employs over 3,800 people in the U.S. and Canada and operates 18 manufacturing facilities and over 30 company-owned distribution locations.
“Uniting Dexter and HiSpec allows us to offer a more comprehensive line of safety-related towing products to all our customers and business partners. We are very excited to bring the HiSpec team into the Dexter family while providing an improved product offering to our valued customers,” said Adam Dexter, president and CEO, Dexter.
“I am excited to welcome the HiSpec team into the Dexter family. We continue to see opportunities to improve our ability to offer even better products and service to our customers through our distribution and direct channels,” added Fred Bentley, CEO of DexKo Global. “HiSpec fits very well within our strategy, and we expect to see a significant benefit to the combined business. We continue to demonstrate our ability to effectively acquire complementary companies and integrate them.”
“We have worked with Dexter for twenty years,” stated Brad Richards, president and founder, HiSpec. “I feel very comfortable that we are passing the baton to a team with great integrity and experience. It will be gratifying to see DexKo take HiSpec to the next level in the years to come.”