In August DexKo Global Inc., a global leader in highly engineered trailer running gear, chassis assemblies and related components, announced it had signed a definitive agreement to acquire CM Trailer Parts to expand its New Zealand operations.
CM Trailer Parts is a privately owned New Zealand business and leading supplier of caravan and trailer axles, leaf springs, couplings and other trailer components, serving multiple market segments across New Zealand since 1988.
“We are excited to welcome the CM Trailer Parts team to the DexKo organisation,” said Fred Bentley, CEO at DexKo Global. “This acquisition brings a South Island distribution and product assembly facility into our New Zealand business footprint; and will help the company service the whole market better with our range of axle and brake products. We truly believe together is better for all of our businesses and this is our next step toward obtaining our DexKo 2020 vision.”
The transaction has the endorsement of the owners of CM Trailer Parts, including James Taylor who remains within the business as general manager, along with co-owners Alasdair Cleland and Mark Havis and other members of the leadership team.
AL-KO Vehicle Technology global president and CEO Harald Hiller emphasised the benefits for customers.
“We continue to add strong brands to our global portfolio and offer additional quality products to our customers. This integration will further expand our core business, which will allow us to service our customers with an even broader range of solutions.”
AL-KO’s Australia and New Zealand managing director Peter Mannfolk said he was excited by the opportunity to integrate CM Trailer Parts into the DexKo organisation.
“I look forward to the already successful CM Trailer Parts business continuing to service customers, whilst adding the additional support of AL-KO in New Zealand and the global expertise and resources of DexKo. Together is better and I look forward to giving our customers CM’s strong presence in the aftermarket combined with AL-KO’s strength in supplying manufacturers.”