LCI Industries announced Dec. 23 it acquired marine accessories manufacturer Veada Industries.
Veada specializes in marine seating at its location in New Paris, Indiana, which LCI says will further expand its marine capabilities and capacity.
“The addition of Veada’s unique and diverse product line will allow us to provide exceptional, customized product offerings to our OEM marine customers and further grow our marine business,” President and CEO Jason Lippert stated. “LCI, together with Veada’s exceptional leadership team, will leverage our combined resources and synergies to attack the capacity opportunities we face as the industry continues to experience record wholesale and retail demand. We believe LCI’s robust capabilities in marine will continue to be a differentiator for our customers.”
Veada represents LCI’s fifth acquisition in the marine sector since 2015.
“Over the last 52 years, we have had the opportunity to deliver superior, innovative products to our customers, which has been supported by the commitment of our Veada team members and dedicated business partners and suppliers,” former Veada owners Bob and Doug Steury stated. “As part of the LCI team, we are excited for the broader solutions we will be able to offer our customers, while at the same time, bringing quality seating capabilities to their portfolio.”
“Everyone at LCI is thrilled to incorporate the industry and product knowledge that Veada’s team will bring to the LCI family,” stated Ryan Smith, LCI group president of North America. “Veada’s strong reputation for quality marine seating will allow LCI to further enhance our OEM product offering, customer service and consumer experience.”
