Lund International, a Portfolio Company of Highlander Partners, Acquires Roll-N-Lock
Buford, GA – February 29, 2016 – Lund International, a portfolio company of Highlander Partners, L.P., today announced it has acquired Roll-N-Lock Corporation. Roll-N-Lock, headquartered in Pompano Beach, Florida, is a rapidly growing, leading designer and manufacturer of retractable tonneau covers and other cargo management products for light trucks.
Operations will continue to be conducted from Roll-N-Lock’s existing facility in Pompano Beach, Florida, and its employees will join the Lund International team and will be led by Brandon Bernardo, co-owner and President of Roll-N-Lock. Mr. Bernardo commented, “We are excited to join the Lund team and look forward to contributing to its continued success. Lund’s broad reach into the major automotive markets, along with its current tonneau and truck accessories offering, will only enhance the operations of Roll-N-Lock and present us with access to significant new outlets for growth.”
Mitch Fogle, President and CEO of Lund International, said, “We believe the addition of Roll-N-Lock is highly strategic and complementary to Lund’s existing tonneau product offerings. The acquisition will enhance Lund’s breadth in the tonneau category, rounding out Lund’s offering with retractable tonneau covers. We are excited to work with co-owners Brandon and Greg Bernardo and their team to continue to grow the business.”
Jeff L. Hull, Chairman of Lund and Managing Partner of Highlander, added, “This acquisition, Lund’s seventh since Highlander acquired the Company in 2011 and our second in the tonneau category in less than a year, reconfirms our strategy of executing strategic add-on acquisitions that enhance and expand Lund’s existing business and product offerings. We have consistently identified Lund product categories where customers desire a more comprehensive offering of products, and we have focused our acquisitions on broadening those options in the targeted categories. Consistent with prior acquisitions, we plan to leverage the strength of our brands and distribution capabilities to ensure Roll-N-Lock’s products reach an even broader audience and grow our presence in the tonneau category. We are continuing to evaluate M&A opportunities and expect to make additional acquisitions going forward.”
About Highlander Partners, L.P.
Highlander Partners, L.P. is a Dallas-based private investment firm with over $1 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food and beverage, specialty chemicals, building materials, consumer products, and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions. For more information, visit www.highlander-partners.com.
About Lund International
Lund International Holding Company is a leading designer, manufacturer, and marketer of branded automotive accessories for a full assortment of passenger cars, light trucks and Jeep, as well as the heavy truck category. Its products include Ventvisors®, hood shields, Powersteps®, floor mats, fender flares, tonneau covers, storage boxes, nerf bars and running boards, among others. Lund offers the industry’s broadest range of functional body and appearance products that provide customers with ways to customize and personalize their vehicles under the brand names of Lund, AVS, Belmor, AMP Research, Rampage, Bushwacker, TonnoPro and Stampede. For more information about Lund, please visit www.lundinternational.com.