DexKo Global, headquartered in Novi, has signed an agreement to acquire CM Trailer Parts to expand its New Zealand operations. Financial terms of the transaction were not disclosed.
DexKo is a global leader in highly engineered trailer running gear, chassis assemblies, and related components.
“We are excited to welcome the CM Trailer Parts team to the DexKo organization,” says CEO Fred Bentley. “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 transition has the endorsement of the owners of CM Trailer Parts, including James Taylor, who will remain within the business as general manager, along with co-owners Alasdair Cleland and Mark Havis, along with other members of the leadership team.
“At CM Trailer Parts, we are very proud of the legacy we have built. Becoming part of the DexKo family will allow the business to continue to grow with the backing of the industry leader,” says Taylor. “I am confident that uniting with DexKo will be very beneficial for both our customers and employees.”