New York-based Drew Industries Inc. said Friday that wholly owned subsidiary Lippert Components Inc. has completed the acquisition of the net assets and business of Kaysville-based Happijac Co. for $29.5 million.
Happijac produces bed lift systems and other products for recreational vehicles. It had sales of more than $12 million in 2005.
Drew said Happijac's management will continue to operate the business at its existing 65,000-square-foot factory that Lippert has leased.
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Drew, through Lippert and another wholly owned subsidiary, Kinro, supplies components for RVs and manufactured homes.