NOVI, Mich. — Dexter Axle Co., a producer of axles, chassis and other components for trailer, towable equipment and recreational vehicle manufacturers, has acquired HiSpec Wheel & Tire Inc., a supplier of steel and aluminum wheels, tires and accessories for the same target markets.
"Uniting Dexter and HiSpec allows us to offer a more comprehensive line of safety-related towing products to all our customers and business partners," Dexter President and CEO Adam Dexter said. "We are very excited to bring the HiSpec team into the Dexter family while providing an improved product offering to our valued customers."
DexKo Global CEO Fred Bentley added: "HiSpec fits very well within our strategy, and we expect to see significant benefit to the combined business."
Financial terms of the deal were not disclosed.
Established in 1995 in Mishikawa, Ind., as a supplier of aluminum wheels for RV, trailer and related transportation industries, HiSpec expanded in 2012 into the tire-wheel assembly business for the RV and cargo industries and added a line of HiSpec-brand specialty trailer tires in 2018.