Dexter To Purchase Heavy and Light Duty Axle Assets from IMT Group
DexKo Global, a leader in highly engineered trailer running gear and chassis assemblies and related components, announced that Dexter has reached an agreement to purchase the heavy duty axle and suspension manufacturing assets of Ingersoll Axles, along with the light duty axle manufacturing assets of Standen’s from the IMT Group.
Ingersoll Axles has been a leading supplier of specialized heavy duty trailer axles and suspensions across North America for over 55 years. Dexter intends to acquire the manufacturing locations in Ingersoll, Ontario; Calgary, Alberta; and Indianapolis, IN.
Once complete, Ingersoll Axles and Standen’s Light Duty Axles will operate as one ongoing business within the Dexter group. The companies expect the transaction to close by the end of 2016.
Dexter has been a leading manufacturer of trailer axles and trailer brakes for over 50 years for the utility trailer, recreation vehicle, heavy duty, manufactured housing, agricultural, marine, and specialty trailer markets.
Category: General Update
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
