GLOVERSVILLE — Taylor Made Group, a 110-year-old Gloversville boat parts manufacturer, is being acquired by Lippert Components, an Indiana recreational vehicle parts manufacturer.
Taylor Made has more than 1,100 employees in 10 facilities, two of them in Europe. It is headquartered in Gloversville and employs about 450 people at five facilities in Fulton County.
Taylor Made Group President Jason Pajonk-Taylor said on Monday that local employment totals are not expected to change. In fact, he said, there would be little obvious indication of the acquisition in the immediate future and only limited indications — such as changes in signs or logos — in the longer term.
Lippert, he said, is acquiring Taylor Made Group in order to expand into a new retail market, so there is not a lot of overlap that needs to be trimmed. Lippert does have a presence in the marine industry, but that is focused on pontoon boats.
“It’s actually a very positive transaction,” Pajonk-Taylor said. “The brand is not going to change.”
Taylor Made makes parts and components for the boating and off-road vehicle industries. It calls itself the leading supplier of windshields and after-market products for the boating industry, but it also makes original equipment for major boat manufacturers.
In Fulton County, Pajonk-Taylor explained, there are two main Taylor Made facilities and three smaller ones, all focused on boating products, including windshields, bumpers, covers and tops.
One of the large local facilities makes aftermarket products, the other makes products for manufacturers.
One change locally will be in Taylor Made’s executive suite: Dennis Flint will leave as CEO, though he will remain as a consultant. John Taylor and Jim Taylor, officers on the company’s board of directors, also will depart.
But Pajonk-Taylor will remain in a role similar to what he does now: president of the divisions headquartered in Gloversville.
Asked what prompted the sale of a firm that was founded by his great-grandfather in 1908, he said the situation was favorable.
“I just think it was the right time — the right company,” he said.
Lippert Components Inc., founded in 1956, is now a wholly owned subsidiary of LCI Industries, a publicly traded company based in Elkhart, Indiana. Through a steady stream of acquisitions of other companies over the years, LCI has expanded beyond the RV industry. It also supplies components for buses, trailers, rail cars and manufactured housing. It employs more than 8,000 people at more than 60 manufacturing and distribution facilities in the United States, Canada, the United Kingdom, Ireland and Italy.
LCI said in a prepared statement that Taylor Made had 2017 sales of $150 million and is the largest acquisition ever for LCI.