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CVG Acquires Daltek, LLC

Posted: Friday, February 8, 2013 at 11:00:34 AM AEST by Website Administrator

On December 28, 2012 the Commercial Vehicle Group, Inc. (Nasdaq: CVGI) announced today that it has acquired substantially all of the assets of Daltek, LLC (“Daltek”). Daltek specialises in the application of customised industrial hydrographic films, paints and other interior and exterior finishes. It has two leased facilities in the United States located in Dalton, Georgia and employs 42 full-time associates in addition to a number of temporary workers during peak demand.

The acquired business offers services primarily in the ATV/UTV market. Daltek’s top four customers are Honda, John Deere, Yamaha and Bemis.

“This acquisition complements our existing exterior and interior trim products and fits our long-term strategic plan for growth and diversification outside of the Class 8 market,” said Mervin Dunn, President and Chief Executive Officer of Commercial Vehicle Group. “We look forward to working with the employees, customers and suppliers as we move forward with this exciting new opportunity,” added Mr. Dunn.

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