Lippert acquires automotive aftermarket expert Ranch Hand
LCI Industries, through its wholly-owned subsidiary Lippert Components has announced the acquisition of Kaspar Ranch Hand Equipment LLC, in a move that it says will significantly boost its presence in the automotive aftermarket. South Texas-based Ranch Hand is a manufacturer of custom bumpers, grill guards, and steps for the automotive aftermarket. Prior to the sale, Ranch Hand was a subsidiary of the Kaspar Companies, a fifth-generation family-owned company headquartered in Shiner Texas since 1898.
Jamie Schnurr, group president of Lippert’s aftermarket business, said: “The CURT Group acquisition in 2019 began our official entry into the automotive accessory aftermarket, and with the Ranch Hand acquisition, we are further supporting our dedication to becoming a large player in this space.
“Ranch Hand’s brand presence in the space is well-respected. Its front bumpers are viewed by consumers as a premium accessory, in large part due to the added level of safety for the truck owner.”
“We have worked hard to grow the Ranch Hand brand over the last 20 years and are glad that it is in the hands of a company with the success record of Lippert,” said Jason Kaspar, Chief Executive Officer of the Kaspar Companies. Continued Kaspar, “Ranch Hand products, as well as its culture, fits very nicely into Lippert’s portfolio of automotive products. The two company’s core values are very much in sync, where everyone feels supported and are treated like family. In the end this was very important to us as we made this decision. We thank all the Ranch Hand team members for their hard work and dedication and rest assured they are in good hands with the family at Lippert.”
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