Lippert Completes Strategic Acquisition to Expand Product Ecosystem

LCI Industries’ subsidiary Lippert Components has finalized its acquisition of Furrion Holdings Limited, marking a significant milestone in the company’s diversification roadmap. The transaction strengthens Lippert’s position as a comprehensive component supplier across the recreational vehicle, specialty vehicle, and transportation sectors.

Transaction Overview and Market Position

Furrion, which entered the RV market in 2007, has established itself as a premier distributor of appliances, electronics, and audio-visual systems. The company serves original equipment manufacturers (OEMs) and aftermarket channels across recreational vehicles, specialty vehicles, utility trailers, horse trailers, marine vessels, transit buses, and school buses.

The acquisition addresses a critical gap in Lippert’s product portfolio. By integrating Furrion’s engineering capabilities, the combined entity now offers expanded product lines including audio-visual components, observation camera systems, comprehensive kitchen appliance suites, and advanced energy and power management solutions. This vertical expansion enables Lippert to provide more integrated offerings to its OEM customer base.

Leadership Structure and Organizational Integration

Jason Lippert, President and CEO, outlined the strategic leadership appointments designed to optimize integration:

North American Operations: Andrew Mock assumes the role of Senior Vice President of Furrion North America. Mock brings extensive industry relationships cultivated during his tenure at Lippert since 2014, where he held progressive sales roles including Vice President of Sales for the RV OEM division. His historical involvement with Furrion’s growth during the distribution partnership (2015-2019) positions him to accelerate product development and OEM relationships.

International Development: Darren Ho retains his position as CEO of Furrion Asia, overseeing product development, sourcing, and international expansion initiatives across European and Australian markets. Ho maintains a specialized team of industrial designers and engineers based in Hong Kong, focused on sustaining Furrion’s innovation trajectory in product aesthetics and functionality.

Innovation Leadership: Steven Bell remains Chief Technology Officer for both Furrion North America and Asia, bridging technological capabilities between the two organizations. His mandate focuses on R&D expansion and engineering resource allocation to accelerate the product pipeline over the coming years.

Ryan Smith, Group President of Lippert OEM North America, emphasized that Bell’s technology expertise will be instrumental in advancing both brands’ market positioning.

Strategic Rationale and Future Outlook

The transaction reflects Lippert’s long-term strategy to strengthen market differentiation through comprehensive product offerings. Darren Ho, representing Furrion’s leadership, highlighted the cultural alignment and complementary nature of the partnership, emphasizing that combined resources will drive accelerated market penetration and innovation cycles.

The integration prioritizes leveraging each organization’s core strengths—Furrion’s design and innovation capabilities with Lippert’s manufacturing scale and distribution networks—to deliver enhanced value propositions to the recreation and transportation industries.

About LCI Industries and Lippert

LCI Industries operates through its subsidiary Lippert as a leading manufacturer of engineered components serving OEMs across recreation, transportation, and adjacent markets. The portfolio encompasses chassis systems, suspension solutions, climate control products, entry systems, furniture, windows, and electronic components for recreational vehicles, buses, trailers, boats, manufactured homes, and modular housing. The company serves both OEM production and aftermarket dealer and distributor channels domestically and internationally.