E PLAINS, N.Y., Feb. 18 — Drew Industries Incorporated reported that its wholly-owned subsidiary, Lippert Components, Inc., agreed in principle to acquire certain intellectual property and other assets from Michigan-based Schwintek, Inc.

The purchase would include several products for which patents are pending, including innovative RV wall slides that are considerably lighter, more space efficient, and even more reliable than previous RV slide-out designs.

“With our proven ability to manufacture and market quality products and provide excellent customer service, we are confident these products will quickly gain acceptance throughout the RV industry,” said Fred Zinn, Drew’s President and CEO. “Through this transaction, we would gain a significant opportunity to increase our content in both towable RVs and motorhomes.”

Level-Up™ System

In a separate transaction, Lippert Components today acquired the patent-pending design for a six-point leveling system for fifth wheel RVs. The purchase price was $1.4 million payable at closing, plus an earn-out depending on future unit sales of the system.
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