HENDRICKSON ACQUIRES REYCO GRANNING
For Immediate Release
For more information, contact:
Mark Slingluff
Hendrickson
(330) 489-0050
mslingluff@hendrickson-intl.com
WOODRIDGE, IL. (June 3, 2024) – Hendrickson, a leading global manufacturer of suspension systems and components for medium- and heavy-duty trucks and trailers, has announced the acquisition of the Reyco Granning suspension business, based in Mt. Vernon, MO, from Reyco Granning LLC and its parent MAT Capital, LLC. Reyco Granning specializes in manufacturing and marketing suspension solutions for heavy and medium-duty vehicles.
Reyco Granning's primary product lines include suspension solutions for motorhomes, commercial trucks, emergency response vehicles, specialty trailers, buses, and the aftermarket sector. The Reyco Granning brand will continue to operate independently under its existing name for the foreseeable future, maintaining its market identity and ensuring continuity in operations and customer service.
“We are excited about this acquisition, as it provides a platform for Hendrickson to expand our reach and manufacturing footprint. Reyco Granning will enhance our overall product portfolio and ultimately better serve our customers in the commercial vehicle industry; we look forward to promoting the Reyco Granning brand as part of our ride solutions portfolio,” said Matt Joy, President and Chief Executive Officer of Hendrickson.
Hendrickson, a Boler company, is a leading global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle and brakes systems; tire pressure control systems; auxiliary lift axle systems; parabolic and multi-leaf springs; stabilizers; bumpers; and components to the global commercial transportation industry. Hendrickson, based in Woodridge, IL., USA, continues to meet the needs of the transportation industry for more than 110 years. Visit Hendrickson at www.hendrickson-intl.com
