Lund Bought By Equity Firm
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Lund International, Inc., a manufacturer and marketer of automotive accessories, announced today that it has entered into an agreement to be purchased by Linsalata Capital Partners and Resilience Capital Partners, both based in Cleveland, Ohio.
Terms of the agreement were not provided.
Linsalata Capital and Resilience bring additional management resources to the company and industry veterans to the Board of Directors.
“We are pleased with the transition. Both firms bring a strong history of supporting growth of quality companies,” said George Scherff, CEO of Lund.
Lund International manufactures automotive accessories under the AVS, Lund, Nifty, Deflecta-Shield Aluminum and Belmor brands.
Headquartered in Suwanee, Georgia with manufacturing facilities in Lawrenceville, Georgia; Hamilton, Ohio; Howe, Indiana; and Chicago, Illinois, Lund International has annual sales in excess of US$130 million.
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