Lippert purchases Idaho RV furniture maker for $7.25M

Published 8:36 am Sunday, February 6, 2011

NAMPA, Idaho Lippert Components Inc. has acquired the assets and business of Home-Style Industries of Nampa, Idaho.

Drew Industries Inc., parent of Lippert and Kinro, both of which have manufacturing plants in Pendleton, is a supplier of components for recreational vehicles and manufactured homes.

Home-Style manufactures upholstered furniture and mattresses, primarily for Northwest-made recreational vehicles.

Lippert paid $7.25 million for the company. Drew officials said the acquisition would begin to impact company earnings immediately. Home-Styles 2010 sales were approximately $12 million.

Lippert Components manufactures RV furniture and mattresses in Indiana through its Seating Technology division, which it acquired in July 2008. That firm doesnt serve the Northwest RV market, making Home-Style a strong strategic complement to Seating Technology.

Randy Raptosh and Tony Doramus, the former owners of Home-Style, have agreed to provide assistance with the transition. Terry Frisk, Home-Styles general operations manager, has entered into an employment contract with Lippert Components. He will continue to be responsible for Home-Styles day-to-day operations.

Jason Lippert, CEO of Lippert Components, said, The expanding Northwest RV market is particularly attractive to us, and acquiring the Home-Style business will allow us to quickly capture the leading market share for furniture and mattresses in that region.