LCI Industries, which, through its wholly-owned subsidiary, Lippert Components, Inc. (LCI), supplies a broad array of highly engineered components for the leading original equipment manufacturers (OEMs) in the recreation and transportation product markets, and the related aftermarkets of those industries, recently announced that its subsidiary, Lippert Components Manufacturing, Inc., has acquired the PWR-ARM brand and electric powered Bimini business assets of Schwintek, Inc., effective Nov. 18.
Schwintek’s patent-protected PWR-ARM automatic Bimini has revolutionized marine sunshade solutions for over 13 years. The PWR-ARM automatic Bimini’s unprecedented sunshade system allows for protection at the push of a button and can be added to virtually any pontoon or deck boat, providing high-end appeal to any watercraft. It is a premier electric sunshade solution on the market for pontoon and smaller power boats, said the company.
“LCI is a significant player in the leisure marine market and our growing portfolio includes some of the marine industry’s most sophisticated and innovative sunshade systems known for reliability and ease-of-use,” said Jason Lippert, CEO and president of LCI. “The addition of the PWR-ARM automatic Bimini to our growing offerings of sunshade solutions will allow LCI to continue to serve our customers with cutting-edge technology and transform the boating experience, making it easier and more enjoyable for boaters around the globe.”
“We are excited to leverage our experience and operating efficiencies to provide our customers with an affordable PWR-ARM electric powered Bimini,” said Ryan Smith, senior VP of operations of LCI. “There is a demand in the aftermarket segment to replace outdated manual sunshade systems with the ease and sophistication of an automatic system. LCI is eager to expand our reach and provide the PWR-ARM electric powered Bimini to aftermarket consumers.”
“LCI’s leading brands, manufacturing expertise and global capabilities are a perfect fit to accelerate the growth of the PWR-ARM brand,” commented Mike Schwindaman, president of Schwintek. “I am pleased to transition this product line to LCI which will continue to drive and support our plans for continued growth through innovation, quality products and exceptional customer service.”
