The quarter marked a “watershed moment” for the component supplier, as net sales hit $1 billion.
The RV and marine OEM component supplier saw significant increases for Q4 and 2020.
Ryan Smith will oversee the company’s North American OEM business in the RV, marine and adjacent segments.
The company’s core line of marine, RV and commercial products, including Lewmar and Taylor Made, will be branded as Lippert.
Increased demand in RV and marine drove record June and July sales.
The parent of Taylor Made and SureShade reported stronger sales in the categories that include marine.
Rob Ford will be tasked with driving “technological integrations” across all LCI product lines.
A circuit court judge in Elkhart, Ind., ruled that a former ASA employee “violated non-disclosure agreements” concerning ASA trade secrets after he went to work for Lippert.
The company is relying on aftermarket and international sales to offset declines in OEM sales in RV and marine.
The shade and awning manufacturer will remain in its new Philadelphia headquarters.
Jamie Schnur promoted to the new position of Group President of Aftermarket.
Tariffs are cited for ending the partnership.
The company saw growth in its Aftermarket division, which includes many of its marine businesses.
Q4 sales slipped 2 percent over last year.
Lippert Components will now classify all of its marine products under the Taylor Made brand.
The company alleges Scott Mereness pursued an acquisition target for Lippert and then invested in the company for his own benefit.
Brian Hess will work across product lines to develop “innovative solutions.”