DexKo Global Inc., the Novi-based manufacturer of highly engineered trailer running gear, chassis assemblies, and related components for commercial vehicles, signed an agreement to acquire Australia’s Preston Chassis Industries Pty Ltd. for unspecified terms.
PCI has been supplying the Australian commercial vehicle industry with high-quality chassis for more than 40 years from facilities in Campbellfield and Vicitoria.
“PCI has built an impressive legacy based on its commitment to provide high-quality products to its loyal customers reliably,” says Fred Bentley, CEO of DexKo Global. “We look forward to building upon PCI’s success by offering existing and new customers more complete and innovative running gear solutions. This acquisition brings us closer to delivering our DexKo 2020 plan by growing the product offerings available to our customers.”
Fred Pasquale, founder of PCI, says, “DexKo Global understands and values what is special about the PCI business and has the ambition and expertise to build upon our reputation and drive the business further. I know that our customers will be in excellent hands.”