Lippert Components, Inc., (LCI), a subsidiary of Drew Industries, Inc., has acquired certain assets and the engineering team of Midstates Tool and Die and Engineering, Inc. in Elkhart, Ind. Now renamed Lippert Automation, Tool and Die, the company builds automated equipment, production tooling, and progressive and one-hit stamping dies, and currently employs 12 people, all of whom will remain. Joe Giordano III, chief financial officer of Drew, says, “We haven’t done a big acquisition to date. We’ve done them with small steps, and this is just another one of those in that long history of small steps.” Lippert has over 4,800 employees in northern Ind., and as southbendtribune informs MHProNews, anticipates that will grow to 5,300 by the end of 2016. Jason Lippert, CEO of Drew, a component maker to the manufactured housing industry, says, “The Midstates team has developed a strong reputation for quality workmanship, and we expect to build on that strength.”
