Penda Corporation and Durakon Industries, Inc. to Merge
Penda, a portfolio company of Resilience Capital Partners, is a leading manufacturer of original equipment and aftermarket drop-in bedliners and thermoformed tonneau covers and also serves a growing range of customers through its innovative SmartDitch(TM) thermoformed channel/ditch-lining system. Additionally, Penda provides turnkey operations for companies seeking innovative, custom molded products and components for virtually any commercial use.
Durakon Industries, a portfolio company of Littlejohn & Co., LLC, is a leading manufacturer of vehicle protection and cargo management systems, which include bedliners, lightweight hard tonneau covers, and cargo van panels for the OEM and aftermarket. Durakon is also a pioneer in decorative exterior panels including running boards, stone guards, rocker panels, front and bumper fascias and more.
"Combining the core competencies, capacities and complementary channels to
market of Penda and Durakon will create a leading heavy gauge thermoformer
with a strong technology base, sufficient capacity for future growth and
diversified market participation," according to
"We continue to be impressed with the management team, employees,
customers and suppliers of Penda and believe the combined companies will be
well positioned for success," said
"Durakon has leveraged its leading technology in order to transform its
operations and has made tremendous strides in developing innovative new
products for the automotive sector, as well as other industries," said
ABOUT RESILIENCE CAPITAL PARTNERS
ABOUT LITTLEJOHN & CO.
Founded in 1996, Littlejohn & Co., LLC is a
CONTACTS For more information please contact Kathy Cromey, Penda Corporation at 608-742-5301 or visit www.penda.com . For Resilience Capital Partners: Bassem Mansour at 216-292-0200 For Littlejohn & Co.: Chris Tofalli, Chris Tofalli Public Relations at 914-834-4334
SOURCE Resilience Capital Partners
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