Dometic Group, a international organization specializing in leisure products for the marine, recreational vehicle (RV), truck and automotive-based industries, announced that the acquisition of Elkhart, Indiana-based Atwood Mobile Products, LLC.
The deal has received clearance from US anti-trust authorities and the transaction has been completed. Terms of the acquisition were not disclosed.
Dometic's acquisition of Atwood's Australian business is still pending, which is subject to an Australian regulator's review.
Atwood Mobile Products is a global company spealizing in designing, engineering and manufacturing appliances and hardware for the marine RV and on-/off-Highway industries for over 50 years. Dometic says its acquisition of Atwood complements and further diversifies its existing product offerings and strengthens the company's global footprint.
Dometic Group estimates its global revenue, on a rolling 12 months after the acquisition, will amount to approximately US $1.4 billion and the number of employees will increase to over 7,000.