The transaction is expected to close within two weeks.
Once the acquisition is complete, a majority of the Taylor Made team will remain with LCI to lead the acquired business under the direction of Jason Falk, Vice President of Operations.
"Our combined window, glass, and windshield team is talented and innovative, as well as experienced in managing growth," added LCI's President Scott Mereness. "On the heels of another large acquisition last year, Taylor Made will be LCI's largest acquisition in the company's history, and is representative of our strategy of quickly assembling a portfolio of companies and products that will help us become a major contributor to marine component designs and solutions. We expect to leverage our purchasing, sales, distribution, and administrative capabilities to improve the profitability of this business, and we expect this acquisition to be immediately accretive to LCI's earnings."
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