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Lund International Acquires TonnoPro

August 28, 2015

Lund International, a Portfolio Company of Highlander Partners,

Acquires the Assets of TonnoPro

 

Buford, GA – August 28, 2015 – Lund International, a portfolio company of Highlander Partners,

L.P., today announced it has acquired all of the operating assets of Bridgeway Enterprises, Inc.

(d/b/a “TonnoPro”). TonnoPro, headquartered in Surprise, Arizona, is a leading designer and

distributor of tonneau covers for light trucks. The company’s product lines include Tonno Fold

soft covers, Lo-Roll covers, and Hard Fold hard covers.

 

Operations will continue to be conducted from the existing facilities in Jasper, Indiana, and its

employees will join the Lund International team. Mark Wolf, co-founder of TonnoPro,

commented, “We are excited to partner with Lund International to continue to grow TonnoPro

and build upon Lund’s success as a leader in the automotive aftermarket accessories market.”

 

Mitch Fogle, President and CEO of Lund, said, “We believe the addition of TonnoPro is highly

strategic and complimentary to Lund’s existing tonneau product offerings. The acquisition will

enhance Lund’s breadth in the tonneau category and its standing as the broadest product line

manufacturer of aftermarket automotive accessories in North America. We are excited to work

with Mark and his team to continue to grow the business.”

 

Jeff L. Hull, Chairman of Lund and Managing Partner of Highlander, added, “This acquisition,

Lund’s sixth since Highlander acquired the Company in 2011 and our third in less than a year,

reconfirms our strategy of executing strategic add-on acquisitions that enhance and expand

Lund’s existing business and product offerings. We have consistently identified products that

we were already selling that needed further product options, and we have focused our

acquisitions on broadening those options in the targeted categories. Consistent with the past,

we plan to leverage the strength of our brand and distribution capabilities to ensure TonnoPro’s

products reach an even broader audience and grow our presence in the tonneau category. We

are continuing to evaluate M&A opportunities and expect to make additional acquisitions going

forward.”

 

About Highlander Partners, L.P.

Highlander Partners, L.P. is a Dallas-based private investment firm with over $1 billion of assets

under management. The firm focuses on making investments in businesses in targeted

industries in which the principals of the firm have significant operating and investing

experience, including basic manufacturing, food and beverage, specialty chemicals, building

materials, consumer products, and others. Highlander Partners uses a “buy and build”

investment approach, creating value by helping companies grow organically and through

acquisitions. For more information, visit www.highlander-partners.com.

 

About Lund International

Lund International Holding Company is a leading designer, manufacturer, and marketer of

branded automotive aftermarket accessories for a full assortment of passenger cars and light

trucks, as well as the heavy truck category. Its products include Ventvisors®, hood shields,

Powersteps®, floor mats, fender flares, tonneau covers, storage boxes, nerf bars and running

boards, among others. Lund offers the industry’s broadest range of functional body and

appearance products that provide customers with ways to customize and personalize their

vehicles under the brand names of Lund, AVS, Belmor, AMP Research, Rampage, Bushwacker

and Stampede. For more information about Lund, please visit www.lundinternational.com.

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