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10-13-2012, 05:27 PM
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#1
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Montana Master
Join Date: Feb 2005
Location: Haysville
Posts: 4,261
M.O.C. #3085
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Dexter Axle Sold Again
ELKHART — After 22 years of being owned by Tomkins Industries, locally based Dexter Axle is about to be sold, employees learned Monday.
Dexter, which is a supplier to the trailer industry, will be acquired by The Sterling Group, a Houston-based private equity firm.
The sale is expected to close in the last three months of this year, according to an announcement from the Sterling Group.
@Normal:According to Franny Jones, director of marketing and investor relations with the Sterling Group, it’s too early to answer questions about whether the deal will mean changes for Dexter Axle. “We won’t be closing on the sale for at least a month,” Jones wrote in an email message to The Truth Monday afternoon. “We would be happy to answer any questions you have once the transaction closes.”
At Dexter’s headquarters Monday, the woman who answered the phone referred all questions to the company’s human resources director, who was out until next week.
According to Sterling’s announcement, “Upon closing this transaction, Sterling will have completed 22 corporate carve-outs in its 30-year history.”
According to the company’s website, Dexter, started in Elkhart in 1960 by Leonard Dexter, has plants locally and in Fremont, Albion, El Reno, Okla., and Monticello, Ga.
Dexter was sold to Philips Industries in the 1960s, then to London-based Tomkins Industries in 1990.
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10-13-2012, 05:31 PM
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#2
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Site Team
Join Date: Jun 2011
Location: Wilsey
Posts: 18,799
M.O.C. #11455
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Doesn't sound good!
Quote:
quote:At Dexter’s headquarters Monday, the woman who answered the phone referred all questions to the company’s human resources director, who was out until next week.
Do you suppose he was out interviewing with other companies?
According to Sterling’s announcement, “Upon closing this transaction, Sterling will have completed 22 corporate carve-outs in its 30-year history.”
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Really doesn't sound good!
__________________
Dick, Joyce, Diego, Picatso and Gustav
2017 3720 RL, and 2013 HC 343RL
Pullrite Hitch, IS, Disk Brakes, 3rd AC, Winegard Traveler, Bathroom door mod, Dometic 320, couch for desk swap, replaced chairs, sun screens, added awnings, etc.
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10-14-2012, 04:39 AM
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#3
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Montana Master
Join Date: Jun 2004
Location: Benson
Posts: 3,121
M.O.C. #1658
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There goes another good american company to China
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10-14-2012, 05:08 AM
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#4
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Montana Master
Join Date: Dec 2009
Location: Sebring
Posts: 3,659
M.O.C. #9969
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Can you just imagine axles coming from China with 50% Lead content.
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Michelle & Ann
2018 Chevy 3500HD High Country DRW 4X4 Crew Cab w/Duramax/Allison, Formally 2010 Montana 2955RL, Now Loaded 2016 SOB, Mor/ryde IS, Disc Brakes & Pin Box, Comfort Ride Hitch, Sailun 17.5 Tires.
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10-14-2012, 07:17 AM
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#5
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Montana Master
Join Date: Jun 2010
Location: Colorado Springs
Posts: 3,335
M.O.C. #10496
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Worth watching...
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2010 3150RL
LevelUp, Dual 6 volt batteries, Progressive Industries EMS HW50C, Honda EU2000i Generator, Bridgestone Duravis R250 tires, Torklift Glowstep Revolution Stairs, LED Tail lights
2015 RAM 3500 Laramie SRW LB CC Cummins 6.7L Aisin Trans B&W RVK3600
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10-14-2012, 01:54 PM
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#6
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Site Team
Join Date: Jun 2011
Location: Wilsey
Posts: 18,799
M.O.C. #11455
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Quote:
quote:Originally posted by mhs4771
Can you just imagine axles coming from China with 50% Lead content.
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What toxic element would make up the other 50%? Something that would bend easy or just snap off like a chinese pry bar does.
__________________
Dick, Joyce, Diego, Picatso and Gustav
2017 3720 RL, and 2013 HC 343RL
Pullrite Hitch, IS, Disk Brakes, 3rd AC, Winegard Traveler, Bathroom door mod, Dometic 320, couch for desk swap, replaced chairs, sun screens, added awnings, etc.
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10-14-2012, 04:40 PM
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#7
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Montana Fan
Join Date: Apr 2006
Location: Macomb
Posts: 293
M.O.C. #5709
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I think we had some of those. Our 04 came with Alko axles (6 lug wheels) and was told they were made in China. Two sets were severely bent. Replaced with Mor-Ryde IS.
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