Dexter Axle has completed the acquisition of AL-KO VT, a designer and manufacturer of trailer axles, trailer and caravan components, chassis and motorized chassis.
Tuesay’s acquisition also marks the formation of DexKo Global Inc., which the company heralds a “global leader in trailer axle and chassis supply with sales approaching nearly $1 billion.”
Fred Bentley, a Dexter board member and former CEO of Maxion Wheels, has been named President and CEO of DexKo Global Inc.
The two companies says they will be able to leverage shared resources and technology, as well as the advantages of a global footprint and significantly expanded scale. Dexter and AL-KO VT will remain under their current brands.
Kevin Garland, partner at The Sterling Group, the private equity firm that owns Dexter Axle, says yhe addition of AL-KO VT nearly doubles the company’s size and significantly expanding its company’s geographic footprint.
