Drew Unit Acquires Duncan Systems; Expects To Be Immediately Accretive

(RTTNews) - Drew Industries Incorporated (DW) announced that its subsidiary, Lippert Components, Inc., has acquired certain assets and the business of Duncan Systems, Inc. for $18.0 million. Drew expects the acquisition to be immediately accretive to earnings.

Duncan Systems is an Elkhart, Indiana-based distributor of replacement motorhome windshields; RV, heavy truck and specialty vehicle glass and windows; and awnings — primarily to fulfill insurance claims. Sales of the acquired business for the twelve months ended July 2014 were approximately $26 million. Brent Watson, President of Duncan Systems, has entered into an employment agreement with LCI and will continue to manage the business going forward.