Dometic Group, based in Stockholm, Sweden, has signed an agreement to buy Atwood Mobile Products in Elkhart, Indiana, in a deal that would combine two major suppliers of products for the RV industry.
Roger Johansson, president and CEO of Dometic Group, said, “With Atwood as part of our group, we will be able to offer high quality water heaters, ventilation technology, windows and doors, innovative furnaces, and more—products which have not been included in our present North American offering.”
Atwood has 775 employees and annual sales of about $200 million. With the addition of Atwood, Dometic Group would have about 7,200 employees and $1.4 billion in annual sales. Terms of the purchase agreement were not announced.