{"id":843163,"date":"2025-04-29T07:03:38","date_gmt":"2025-04-29T11:03:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lippert-acquires-freedman-seating-company\/"},"modified":"2025-04-29T07:03:38","modified_gmt":"2025-04-29T11:03:38","slug":"lippert-acquires-freedman-seating-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lippert-acquires-freedman-seating-company\/","title":{"rendered":"Lippert Acquires Freedman Seating Company"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Lippert Acquires Freedman Seating Company<\/b><\/p>\n<p>ELKHART, Ind.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLCI Industries (NYSE: LCII), through its wholly owned subsidiary, Lippert Components, Inc. (\u201cLippert\u201d), a leading supplier of engineered components to the recreation and transportation markets, today announced that it has acquired substantially all of the business assets of Freedman Seating Company (\u201cFreedman\u201d), an Illinois-based manufacturer of transportation seating solutions.\n<\/p>\n<p>\nFor over 130 years, Freedman has provided a variety of seating solutions to the bus, rail, marine, delivery truck, specialty and commercial vehicle markets. A family-owned company since 1894, Freedman\u2019s seating manufacturing roots date back to the horse drawn carriage. Today, they are a leading supplier of seating solutions for a multitude of bus OEMs, distributors, the federal government and many states and municipalities. Following the acquisition, Freedman\u2019s seating operations will continue in Chicago for the foreseeable future, honoring its longstanding ties to the local workforce and community partners.\n<\/p>\n<p>\nLippert is no stranger to the bus and transportation vehicle markets, providing window and glass solutions to these industries for over 12 years. In March of this year, Lippert completed the acquisition of Trans Air, a leading manufacturer of climate control systems for the commercial bus industry. The addition of Freedman continues to build upon Lippert\u2019s diversification strategy into the transportation vehicle markets, giving them a comprehensive product offering to a very familiar customer base.\n<\/p>\n<p>\nRyan Smith, Group President of Lippert\u2019s North American OEM Operations is excited to continue the expansion into these new markets: \u201cWe are pleased to welcome the Freedman team to the Lippert family. Between the two companies, we have almost 200 years combined of family leadership and there\u2019s not too many organizations that can claim that. We\u2019re excited to add Freedman\u2019s seating line to our growing portfolio of bus and transportation vehicle products and with our combined leadership teams we will be able to offer a better-than-ever customer experience to our partners in these industries.\u201d\n<\/p>\n<p>\nAndrew Pocock, Lippert\u2019s EVP of Building and Transportation Products, commented: \u201cWe are excited to add the Freedman legacy to the Lippert family. Together, we can provide an elevated experience to our customer partners through our combined product offerings in the transportation vehicle market. I know both the Lippert and Freedman teams are looking forward to hitting the ground running in the coming months.\u201d\n<\/p>\n<p>\nCraig Freedman, CEO, commented on his family company\u2019s new chapter: \u201cWe\u2019re excited that we\u2019ve found a future with Lippert. They\u2019ve expressed admiration for what we\u2019ve built and want to help us grow it in ways that honor our mission and values. This acquisition gives us the opportunity to build on our legacy, expand our reach, and invest even more in our team.\u201d\n<\/p>\n<p><b>About LCI Industries<\/b><\/p>\n<p>\nLCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lippert.com&amp;esheet=54245296&amp;newsitemid=20250429379518&amp;lan=en-US&amp;anchor=www.lippert.com&amp;index=1&amp;md5=19fdf09407bac4efe5e956cbd86551b0\">www.lippert.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains certain &#8220;forward-looking statements&#8221; with respect to integration of the businesses, expected growth, including in sales, development and pipeline, following the transaction, and the expected impact of the transaction on the Company\u2019s operations, markets, prospects, strategies, customer experience, synergies and efficiencies, and other matters. Statements in this press release that are not historical facts are &#8220;forward-looking statements&#8221; for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.\n<\/p>\n<p>\nForward-looking statements are necessarily estimates reflecting the best judgment of the Company\u2019s senior management at the time such statements were made. There are a number of factors, many of which are beyond the Company\u2019s control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, (i) the transaction may involve unexpected costs or liabilities; (ii) the Company may be unable to achieve expected synergies and operating efficiencies from the transaction within the expected time frames or at all; (iii) the Company may be unable to successfully integrate Freedman\u2019s operations into its own, or such integration may be more difficult, time consuming or costly than expected; (iv) following the transaction, revenues may be lower than expected, and operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected; (v) the Company may be adversely affected by other economic, business, and\/or competitive factors; (vi) risks that the transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the transaction; and (vii) the risks described from time to time in the Company\u2019s reports filed with the Securities and Exchange Commission under the heading \u201cRisk Factors,\u201d including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in the Company\u2019s subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250429379518r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250429379518\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250429379518\/en\/<\/a><\/span><\/p>\n<p><b>Lillian D. Etzkorn, CFO<br \/>\n<br \/>Phone: <\/b>(574) 535-1125<br \/>\n<br \/><b>E Mail: <\/b><a rel=\"nofollow\" href=\"mailto:LCII@lci1.com\">LCII@lci1.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Indiana Illinois<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Automotive Manufacturing Manufacturing Transportation Travel Recreational Vehicles Trucking Sports General Automotive Transport Other Manufacturing Aftermarket Outdoors Specialty Automotive Engineering<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Lippert Acquires Freedman Seating Company ELKHART, Ind.&#8211;(BUSINESS WIRE)&#8211; LCI Industries (NYSE: LCII), through its wholly owned subsidiary, Lippert Components, Inc. (\u201cLippert\u201d), a leading supplier of engineered components to the recreation and transportation markets, today announced that it has acquired substantially all of the business assets of Freedman Seating Company (\u201cFreedman\u201d), an Illinois-based manufacturer of transportation seating solutions. For over 130 years, Freedman has provided a variety of seating solutions to the bus, rail, marine, delivery truck, specialty and commercial vehicle markets. A family-owned company since 1894, Freedman\u2019s seating manufacturing roots date back to the horse drawn carriage. Today, they are a leading supplier of seating solutions for a multitude of bus OEMs, distributors, the federal government and many states and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lippert-acquires-freedman-seating-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lippert Acquires Freedman Seating Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-843163","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lippert Acquires Freedman Seating Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lippert-acquires-freedman-seating-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lippert Acquires Freedman Seating Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lippert Acquires Freedman Seating Company ELKHART, Ind.&#8211;(BUSINESS WIRE)&#8211; LCI Industries (NYSE: LCII), through its wholly owned subsidiary, Lippert Components, Inc. (\u201cLippert\u201d), a leading supplier of engineered components to the recreation and transportation markets, today announced that it has acquired substantially all of the business assets of Freedman Seating Company (\u201cFreedman\u201d), an Illinois-based manufacturer of transportation seating solutions. For over 130 years, Freedman has provided a variety of seating solutions to the bus, rail, marine, delivery truck, specialty and commercial vehicle markets. A family-owned company since 1894, Freedman\u2019s seating manufacturing roots date back to the horse drawn carriage. 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