Vehicle accessories buy carpet manufacturer Remington Global

Automotive Injection Molding and Extrusion Machine Vehicle Accessories Inc. acquired auto supplier Remington Global Inc. for an undisclosed price.

Remington is headquartered in Ooltewah, Tenn. manufactures floor protection products for automotive original equipment manufacturers. In a press release, VAI officials said Remington "has a proven business model differentiated by premium carpet quality, long-standing manufacturing partnerships and customer relationships." strong OEM."

They added that carpet purchases ranked first or second in vehicle accessory purchases by volume in every region of the United States.

VAI is the portfolio company of the New York-based investment firm Kinderhook Industries LLC. The Remington deal is the sixth additional acquisition made by VAI. Remington "is a strategic acquisition" of VAI, Kinderhook Managing Director Tom Tuttle said in the release.

"The team looks forward to further diversifying VAI's revenue streams across both product and OEM portfolios, incorporating cross-selling opportunities and leveraging the strong OEM relationships Remington Global has built," he said. more.

VAI, headquartered in Sunnyvale, Texas, is an integrated manufacturer of door edge guards, floor mats, side skirts, side skirts, bumper guards and door sills. The company has a factory in Sunnyvale; Buffalo, N.Y.; Toronto and Magog, Quebec.

In addition to injection molding and extrusion, VAI offers specialized sheet rolling, stamping and bending. The company's products are installed post-production and are often sold to end consumers as part of an upgraded protection package.