Michigan-based DexKo Global, which specializes in trailer running gear, chassis assemblies and related components, recently signed an agreement to acquire CM Trailer Parts in an effort to expand operations in New Zealand.
Financial terms of the transaction were not disclosed.
CM Trailer Parts is a privately owned New Zealand business supplying caravan and trailer axles, leaf springs, couplings and other trailer components.
“We are excited to welcome the CM Trailer Parts team to the DexKo organization,” said Fred Bentley, CEO of DexKo. “This acquisition brings a South Island distribution and product assembly facility into our New Zealand business footprint, and will help the company service the whole market better with our range of axle and brake products. We truly believe together is better for all of our businesses, and this is our next step toward obtaining our DexKo 2020 vision.”
CM Trailer Parts co-owners Alasdair Cleland and Mark Havis, along with other members of the leadership team, endorsed the deal.
“At CM Trailer Parts, we are very proud of the legacy we have built,” said James Taylor, who will remain with CM Trailer Parts as general manager. “Becoming part of the DexKo family will allow the business to continue to grow with the backing of the industry leader.
“I am confident that uniting with DexKo will be very beneficial for both our customers and employees."
Harald Hiller, global president and CEO of AL-KO Vehicle Technology, emphasized the benefits for customers.
“We continue to add strong brands to our global portfolio and offer additional quality products to our customers,” Hiller said. “This integration will further expand our core business, which will allow us to service our customers with an even broader range of solutions.”
DexKo was founded after the combination of Dexter and AL-KO in 2015. With headquarters in Novi MI, the company employs more than 5,000 personnel with 42 production facilities and 22 distribution centers.
“I am excited by the opportunity to integrate CM Trailer Parts into the DexKo organization,” said Peter Mannfolk, AL-KO’s Australia & New Zealand managing director. “I look forward to the already successful CM Trailer Parts business continuing to service customers, whilst adding the additional support of AL-KO in New Zealand and the global expertise and resources of DexKo.”