Global manufacturer of suspension systems and components for medium- and heavy-duty trucks and trailers, Hendrickson, has announced, it has made a major acquisition of the Reyco Granning suspension business, based Missouri, from Reyco Granning LLC and its parent MAT Capital, LLC. Reyco Granning apparently specialises in manufacturing and marketing suspension solutions for heavy and medium-duty vehicles and Hendrickson, clearly believes the acquisition will help its market position, particularly in its native USA.
Reyco Granning’s primary product lines apparently include suspension solutions for motorhomes, commercial trucks, emergency response vehicles, specialty trailers, buses, and the aftermarket sector.
Hendrickson said that the Reyco Granning brand will continue to operate independently under its existing name for the foreseeable future, maintaining its market identity and ensuring continuity in operations and customer service.
“We are excited about this acquisition, as it provides a platform for Hendrickson to expand our reach and manufacturing footprint. Reyco Granning will enhance our overall product portfolio and ultimately better serve our customers in the commercial vehicle industry; we look forward to promoting the Reyco Granning brand as part of our ride solutions portfolio,” said Matt Joy, president and CEO of Hendrickson.
Hendrickson, is a part of the Boler Group of companies, and has long been a leading global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions, integrated and non-integrated axle and brakes systems, tyre pressure control systems; auxiliary lift axle systems; parabolic and multi-leaf springs, stabilisers; bumpers, and components to the global commercial transportation industry.
Hendrickson, is based in the US state of Illinois and has been meeting the needs of the transportation industry for more than 110 years. according to its news release .
