Hopkins Manufacturing Corporation announced Jan. 5 that it acquired Tiger Accessories Group, a leading supplier of Vehicle Lighting and Cleaning products in North America. Tiger Accessories was a subsidiary of MAT Holdings, a diversified automotive and consumer products company.
The acquisition strengthens Hopkins’ leadership position in towing products, which adds trailer lighting products to complement its market leading vehicle towing electrical solutions business. Tiger has also established a leading position in auxiliary lighting, including LED Light Bars. The added vehicle and janitorial cleaning products bolster Hopkins’ market leading position in cleaning.
“We are pleased to add the Tiger Accessories products to our portfolio. The acquired products are complementary to our existing towing electrical and cleaning products,” said Bradley T. Kraft, President and Chief Executive Officer of Hopkins. “The addition of the Tiger lighting and cleaning products will drive significant benefits to our customers.”
“We are normally not a seller of businesses, but Hopkins is such a perfect fit for Tiger that it made sense,” said Steve Wang, Owner and Chief Executive Officer MAT Holdings. “Hopkins’ focus on innovation and value are hallmarks of our lighting and cleaning products, and we are confident that Hopkins can grow and develop these businesses in the future.”
As part of the acquisition, Hopkins will add an operations and marketing office in Long Grove, Ill., that will continue to focus on the acquired products. MAT will continue to distribute the acquired products for the near future.
Recent acquisitions by Hopkins include Acme Chamois®, a leader in automotive chamois, Air Power America®, a leader of oil extraction technology for automotive and marine engines, Bell Automotive Products, interior and vehicle accessories; Mallory®, a market leader in Canada for snow tools and in North America for gas station squeegees; the fluid management drain pans and ramps of F3 Brands; Mr. Funnel®, a line of portable fuel filters that remove water, dirt and debris from all types of fuels; and TowDaddy® line of towed vehicle wire harness kits
About Hopkins
Headquartered in Emporia, Kansas, Hopkins is a leading manufacturer, marketer and distributor of quality, innovative specialized towing products and functional accessories for the automotive and recreational vehicle aftermarkets.
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