SOUTHFIELD, Mich., Oct. 20 /PRNewswire/ -- Valley Towing, a Revstone Company, will be headed to the 2010 SEMA Show in Las Vegas with sales up, increased inventory, and a strong balance sheet - good news for a company that only months ago was losing money for the third year in a row. And while sales for the 2010 season have improved, forecasts based on current orders for Valley indicate a record year for 2011.
"It has been a rapid turnaround for Valley," says Mike McCann, Director of Sales and Marketing for Valley. "Valley Towing has returned to a position of industry leadership with new product development and increased production levels to meet the high demands for these great Valley Towing products."
"Under Revstone's ownership we have strengthened our inventory and implemented product and distribution innovations that will drive down production costs," added Bob LaCourciere, President of Revstone's Performance Manufacturing & Technology Group (RPM Tec), which includes Valley. "This translates into increased value for our customers, and into orders for the 2011 season that have exceeded our expectations."
In addition to Valley Towing, the RPM Tec Group includes Arrow Racing Engines and Power-Tec Engineering.
About Valley Towing Products
Valley Towing Products has been a manufacturer of high-quality trailer hitches, towing accessories and electrical trailering products since 1947, covering a wide range of markets including automotive aftermarket, original equipment, RV, boating, agricultural and commercial. Offering a continuously expanding product line, Valley designs, manufactures and tests its products in a state-of-the-art R&D facility. All products are tested to exceed federal towing standards.
For more information, contact Valley at 248.641.4270; fax 248.853.1445; write the company at 2191 Austin Drive, Rochester Hills, MI 48309; or visit www.vtowing.com.
Founded by career industrialist George S. Hofmeister, Revstone Industries, LLC has quickly grown into a recognized name in transportation, with over $1 billion in projected revenue. Headquartered in Lexington, Kentucky, with regional offices in Michigan, New York, and China, Revstone maintains a global reach and provides services related to the design, engineering, manufacture, and marketing of products for the automotive and commercial trucking industries. Revstone operates manufacturing facilities in more than 60 locations throughout North and Central America with plans to expand further within Europe and the Asia-Pacific region.
SOURCE Revstone Industries, LLC