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Posts Tagged ‘Kinro Inc.’

Another Drew Principal Unloads Stock

May 29th, 2015 Comments off

drew_ind_logoA member of the board of directors of Drew Industries, Inc. (NYSE:DW), John B  Lowe sold 10,000 shares of Drew stock on May 27, 2015, according to a filing with the Securities and Exchange commission (SEC) dated May 29, 2015.

The shares were sold at $60.57 per share for a value of $605,700.00, as moneyflowindex reports. MHProNews reported May 25, 2015, President Scott T. Mereness sold 3,803 shares of stock for a total value of $241,490.50. Two analysts rated the stock as a strong buy, while one analyst rated it hold.

Drew is a component supplier to the manufactured housing and recreational vehicle industries through its wholly-owned subsidiaries, Lippert Components, Inc and Kinro, Inc. Drew’s stock closed today at $61.39, -1.91 percent. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. silver to Daily Business News-MHProNews.

Drew Industries is Paying a $2 Dividend

December 17th, 2013 Comments off

Drew Industries Inc.(DW) of Elkhart County, Indiana announces it will begin trading of ex-dividend Dec. 18, 2013, paying $2 a share which is scheduled to be paid Jan. 6, 2014. Even purchasers of the stock before the ex-dividend date can receive the cash dividend payment, according to nasdaq.com. Drew’s stock closed yesterday, Dec. 16 at $53.27. It’s 52-week high is $54.64, while it bottomed out during that same period at $30.82. As MHProNews knows, Drew is the parent company of Lippert Components, Inc. and Kinro, Inc. which make components for manufactured homes.

(Image credit: Drew Industries, Inc.)

Lippert and AL-KO Wrangling over Patent and Personnel

September 30th, 2013 Comments off

A legal dispute between two Elkhart, Indiana-based recreational vehicle (RV) suppliers is ramping up after U. S. District Judge Jon DeGuilio ruled AL-KO’s non-compete agreement is too broad. In moving from AL-KO to Lippert Components, inc., Larry Revelino had already agreed with both companies not to give away his former employer’s trade secrets, but AL-KO sued to prevent him from hiring on with Lippert. The judge ordered him not to recruit any of his former employer’s workers, customers or suppliers, but ruled AL-KO cannot prevent Revelino from working at Lippert. Two others including Revelino, who were all working on an in-wall slide system, have left AL-KO for Lippert since June 2013. In July Lippert filed a patent infringement claim alleging AL-KO’s wall system violates three patents; AL-KO says the patents are not valid. Vice president of tactical projects at AL-KO, Revelino’s new job at Lippert is director of international business relations. While the case continues in court,  etruth.com reports Judge DeGuilio wrote: “AL-KO has provided no evidence that Mr. Revelino has actually disclosed any trade secrets at this time, however. As to threatened disclosures, Mr. Revelino has acknowledged that he is prohibited from disclosing any confidential and/or proprietary information, and defense counsel has represented that Mr. Revelino has signed an agreement with Lippert preventing him from disclosing any of AL-KO’s confidential information.” As MHProNews knows, Lippert, along with its sister company, Kinro Inc. are subsidiaries of Drew Industries (NYSE:DW), and provide the manufactured housing industry with components.

(Image credit: CNNMoney)

Drew Industries Director sells Shares

September 27th, 2013 Comments off

Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through its subsidiaries, Lippert Components, Inc.  and Kinro, Inc.

(Image credit: Drew Industries, Inc.)

Drew Industries Makes the Grade

September 25th, 2013 Comments off

Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one, followed by Winnebago Industries (WGO) in the second spot, and Drew Industries (DW) fills out the third position due to its strong earnings growth over the last three years. Through its subsidiaries, Lippert Components, Inc. and Kinro, Inc., Drew supplies components to the MH and RV industries. Drew closed up in today’s trading, +0.32% to end the session at 43.84.

(Image credit: Drew Industries, Inc.)

Andy Pocock Promoted to Vice President at Lippert and Kinro

September 4th, 2013 Comments off

Lippert Components, Inc. and Kinro, Inc. announce the promotion of Andy Pocock to Vice President of Sales, Specialty and Manufactured Housing Markets for the Elkhart, Indiana-based subsidiaries of Drew Industries, Inc. (NYSE:DW). His eight-year plus stint with the sister companies included roles in suspension and running gear management, and for the last 2 1/2 years he has served as Director of Business Development of the Specialty Markets Division. In his new role he will guide the manufactured and modular housing sales teams in developing new clients, as well as grow other specialty markets. According to PRWeb.com, Pocock’s responsibilities will also include increasing market share in the truck cap, school bus, livestock trailer, marine and automotive accessories divisions. Said LCI and Kinro President Scott Mereness: “Andy has been a key member of our team for many years. His relationship-building skills and his broad company experience make him an excellent leader for this team.” MHProNews knows LCI and Kinro provide components for the manufactured and modular housing industries.

(Photo credit: PRWeb.com)

Lippert Brings Wireless to Recreational Vehicle Leveling

July 25th, 2013 Comments off

Manufactured housing component supplier Lippert Components, Inc. of Elkhart, Ind. announces its patented Level Up automatic leveling system for recreational vehicles (RV) is now available using a wireless remote. Level Up will level an RV in under a minute, and it includes a feature that remembers the exact height at which the RV was unhitched. The remote allows the user to walk around the unit during leveling with the capability to stop it at any time. As watchlistnews reports, the remote can be added to an existing Level Up system. MHProNews knows Lippert, along with sister company Kinro, Inc., is a subsidiary of Drew Industries, Inc., a supplier of various components to the manufactured and modular housing industries.

(Photo credit: Wikipedia–manufactured housing chassis, one of Lippert’s products)

Drew Draws Top RV Industry Number

July 8th, 2013 Comments off

Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 percent return on assets and Thor Industries with a 10.26 percent. According to Benzinga, Drew had $4.03 million in cash for the most recent quarter. As MHProNews, Drew is also a major component supplier to the manufactured housing industry.

(Image credit: Drew Industries, Inc.)

Lippert has new Boss of Windows

March 27th, 2013 Comments off

InsideIndianaBusiness informs MHProNews that Lippert Components, Inc. (LCI) of Goshen, IN has hired Frank Perna as vice president of operations for manufactured housing windows. A 25-year veteran of the vinyl and aluminum window industry, Perna has been with Silver Line Building Products LLC, a division of Andersen Windows. He will replace Jim Chamberlain of Kinro, Inc., LCI’s sister company, a veteran of 17 years with the company, who will stay on in an advisory role for a year until his retirement. Lippert and Kinro are subsidiaries of Drew Industries, Inc. (NYSE:DW), providing a variety of components for the manufactured and modular housing, and RV industries.

(Image credit: Lippert Components, Inc.)

Elkhart Ind. is Bustling

March 1st, 2013 Comments off

Lippert Components, Inc., component supplier to the manufactured housing and recreational vehicle industries, is part of a strong industrial growth pattern in Elkhart, Ind, as etruth informs MHProNews. Lippert began as a steel fabricating plant in rural Michigan in the 1950’s, and has been fabricating chassis for manufactured housing since the beginning. It now has 34 plants and 5,300 employees. With the uptick in the RV industry, Elkhart is drawing related industries. Genesis Products, Inc. manufactures wood products primarily for the RV industry, and like Lippert, got its start as a small company ten years ago and now has five facilities. Named the eighth fastest growing privately held manufacturing company in the Inc. 500 ranking in 2007, Genesis intends to expand operations and hire an additional 100 employees by 2015. Lippert is a subsidiary of Drew Industries, Inc. (which recently moved its corporate offices to Elkhart from White Pains, NY) and with it’s sister company, Kinro, Inc. provides doors and windows to the MH and RV industries, and together they both manufacture an extensive line of bathroom fixtures.

(Photo credit: Wikipedia–MH chassis)