Hendrickson announced today it has completed the acquisition of Liteflex Composite Springs, a manufacturer of advanced composite suspension springs.
The acquisition includes intellectual property and manufacturing equipment, as well as nearly 80 workers that will become Hendrickson employees. Dayton, Ohio-based Liteflex will keep its name and will operate as a division of Hendrickson, the company says.
Liteflex was established in 1981 and has supported the heavy-duty truck and trailer markets throughout the world by producing quality composite springs with over 21 million installations on vehicles today, the company says.
“The acquisition of additional composite spring technology will enhance Hendrickson’s product portfolio. As we look to future green-house gas reduction regulations, composite springs offer a lighter weight product that will increase hauling capacity and improve fuel economy,” says Gary Gerstenslager, Hendrickson president and CEO.
“Liteflex is an industry leader and we are happy to have them as part of the Hendrickson organization. Hendrickson has deep roots in Ohio with the trailer division headquarters and our newest manufacturing plant in the Canton, Ohio, area,” Gerstenslager adds.
