Hendrickson announced the acquisition of Reyco Granning on Monday.
Reyco Granning's primary product lines include suspension solutions for motorhomes, commercial trucks, emergency response vehicles, specialty trailers, buses and the aftermarket. It will continue to operate independently under its existing name for the foreseeable future, the companies say.
[RELATED: Hendrickson announces air suspension system]
"We are excited about this acquisition, as it provides a platform for Hendrickson to expand our reach and manufacturing footprint," says Matt Joy, president and CEO of Hendrickson. "Reyco Granning will enhance our overall product portfolio and ultimately better serve our customers in the commercial vehicle industry; we look forward to promoting the Reyco Granning brand as part of our ride solutions portfolio.
Reyco Granning was held by MAT Capital LLC and is based in Mt. Vernon, Mo. Hendrickson is a Boler company that manufactures and supplies medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle and brakes systems; tire pressure control systems; auxiliary lift axle systems; parabolic and multileaf springs; stabilizers; bumpers and other components. It is based in Woodridge, Ill.
