Acquisition of Lewmar Marine Limited by Lippert Components, Inc.

BDO.LiveSite.Deals.IndustryLeisure & Manufacturing
BDO.LiveSite.Deals.ClientNameLewmar Limited

BDO acted as Rule 3 adviser to Lewmar on its £33.3 million acquisition by LCI that was subject to the UK Takeover Code.  Lewmar designs, manufactures and distributes products including anchoring systems, hatch and portlight solutions and powered and manual glazing systems for the marine equipment sector.  LCI is a wholly owned subsidiary of LCI Industries, a company listed on the New York Stock Exchange with a market capitalisation of $2.3 billion.  The boards believe the transaction will bolster the current respective end markets, product offerings, manufacturing capabilities and geographic reaches, enabling LCI to serve its customers better and be more competitive in the marketplace.