The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Apr 15, 2019
Author: RV News Staff
American Technology Components, Inc. acquired KIB Electronics, LLC and its LePark Mold & Tool operation. Both companies are established suppliers to the RV industry.
ATC owner Steve Haines will continue as CEO of the combined entities, while KIB owner Mike Hoover will remain active as a board member.
Both companies provide RV, fleet and specialty vehicle manufacturers with custom-designed electronics and plastic components and have done so for the last three decades. The acquisition allows expanded product offerings for both companies and an opportunity to better serve their customers.
“From our first conversations, Mike and I knew that combining our established, successful companies created significant synergy to better serve our customers and position us for future growth,” Haines says. “We’re excited to move forward together as partners with our collective, extraordinary people, innovative design solutions and demonstrated manufacturing capabilities.”
Hoover says, “For the last 35 years, KIB has provided our customers with design, engineering, and manufacturing services with a focus on customer satisfaction. I look forward to working with Steve and playing an active role in the success of the combined organization.”
ATC says LePark will continue to work closely with its customers from prototype to production.