Drew Industries sells presses; outsourcing extrusion needs

Apr 11, 2014 | 04:14 PM | Michael Cowden

Tags  Drew Industries, Lippert Components, Scott Mereness, Joe Giordano, aluminum extrusion, presses, Atrium Windows & Doors, recreation vehicle mobile homes

CHICAGO — Drew Industries Inc. will exit the aluminum extrusion business and outsource its extrusion requirements with the sale of three extrusion presses to Atrium Windows & Doors Inc., a company official told AMM.

The Elkhart, Ind.-based recreation vehicle and mobile home parts supplier’s Lippert Components Inc. subsidiary sold its aluminum extrusion assets to Dallas-based Atrium for $7.5 million, the company said in a statement April 11. Drew expects to record a pretax loss of $2 million in the second quarter as a result of the deal.....

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