Hendrickson Acquires Liteflex
Release date: 10/29/2019
For Immediate Release
For more information contact:
Mark Slingluff
Hendrickson
Director Global Marketing and Communications
330-489-0050
mslingluff@hendrickson-intl.com
Hendrickson Completes Acquisition of Liteflex Composite Springs
ATLANTA (October 29, 2019) – Hendrickson completed the acquisition of Liteflex Composite Springs, based in Dayton, OH. Liteflex is a global manufacturer of advanced composite suspension springs. The acquisition includes intellectual property, manufacturing facilities and equipment in the Dayton, OH area, as well as nearly 80 workers that will become Hendrickson employees. The company will operate as a division of Hendrickson under the name Hendrickson Composites. The Liteflex name will be kept and used as a product name going forward.
Liteflex was established in 1981 and has supported the heavy-duty truck and trailer markets throughout the world by producing quality composite springs with over 21 million installations on vehicles today.
“The acquisition of additional composite spring technology will enhance Hendrickson’s product portfolio. As we look to future green-house gas reduction regulations, composite springs offer a lighter weight product that will increase hauling capacity and improve fuel economy,” stated Gary Gerstenslager, president and CEO at Hendrickson.
“Liteflex is an industry leader and we are happy to have them as part of the Hendrickson organization. Hendrickson has deep roots in Ohio with the trailer division headquarters and our newest manufacturing plant in the Canton, OH area.” added Gerstenslager.
Hendrickson, a Boler company, is a leading global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle and brakes systems; tire pressure control systems; auxiliary lift axle systems; parabolic and multi-leaf springs; stabilizers; bumpers; and components to the global commercial transportation industry. Hendrickson, based in Woodridge, Ill., USA, continues to meet the needs of the transportation industry for more than 100 years. Visit Hendrickson at www.hendrickson-intl.com.