Hendrickson recently acquired Reyco Granning’s suspension business, which is based in Mt. Vernon, Missouri, from Reyco Granning and its private-equity parent, MAT Capital. Reyco Granning specializes in manufacturing and marketing suspension solutions for heavy and medium-duty vehicles.
The acquisition includes close to 100 employees, Hendrickson reported.
“We are excited about this acquisition, as it provides a platform for Hendrickson to expand our reach and manufacturing footprint,” Matt Joy, Hendrickson president and CEO, said in a news release. “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.”
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, Hendrickson said.
The new addition will operate within Hendrickson’s specialty products group under the leadership of Matt Van Meter, the group’s vice president and general manager.