LCI Industries subsidiary Kinro has acquired the assets of Marine Trailer Performance, a trailer-axle manufacturer based in Houston. MTP specializes in axle lubrication systems, hydraulic brake actuators and disc brakes.
“We are excited about the acquisition of Marine Trailer Performance,” Nick Lenzi, founder, president and CEO of MTP, said in a statement. “Lippert’s expertise and extensive experience in the axle industry will undoubtedly supercharge MTP’s growth trajectory, empowering us to explore new horizons and expand our operations to unprecedented levels.”
Lenzi is now vice president of marine axle sales at Lippert.
“This acquisition helps fortify our axle portfolio and gives us an opportunity to deliver Lippert’s unparalleled service and value to a brand-new customer base,” Bob Boone, axle product manager and vice president of utility axle sales at Lippert, said in the statement. “With the MTP acquisition, we are reinforcing our dedication to being a leader in the axle industry.”
