On May 20, 2021, Dometic entered into an agreement to acquire Front Runner Vehicle Outfitters – a provider of high-quality roof racks, load bars, storage solutions and off-road accessories for the vehicle-based outdoor market
SUMMARY
• The transaction strengthens the Front Runner and Dometic product offering and distribution network, servicing the vehicle-based outdoor market.
• The transaction is expected to be effective in Q3 2021.
DESCRIPTION OF FRONT RUNNER VEHICLE OUTFITTERS
Front Runner Vehicle Outfitters is a provider of high-quality roof racks, storage solutions and camping gear for the vehicle-based outdoor market. The company serves the South African, European, Australian and United States markets via separate regional offices. The products are sold on four continents through their own B2C channels and a well-established dealer network that is more than 1000 dealers strong. The company has approximately 320 full-time employees with the manufacturing headquarters near Johannesburg, South Africa.
DESCRIPTION OF DOMETIC
Dometic is a global market leader in branded solutions for mobile living in areas of Food & Beverage, Climate, Power & Control and Other Applications. It operates in the Americas, EMEA (Europe, Middle East, Africa) and Asia Pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses. It sells in approximately 100 countries and has a global distribution and dealer network in place. Dometic has approximately 6,500 employees worldwide and is headquartered in Stockholm, Sweden.
Dometic has identified the vehicle-based outdoor market as a strong opportunity for growth. Front Runner Vehicle Outfitters, with its offering of high-quality roof racks and adjacent products for the outdoor market, is a perfect fit to Dometic’s existing outdoor offering of tents, cooler boxes and mobile power solutions.
The acquisition is expected to come to a close during the third quarter of 2021.
