LCI Italy s.r.l., a subsidiary of LCI Industries, has acquired Lavet s.r.l. (“Lavet”), a manufacturer of window blind systems located in Siena, Italy, effective June 30, 2019. This acquisition allows LCI to expand its product portfolio in key categories and take advantage of synergies between the companies.
LCI and Lavet have already worked closely for several years supplying OEMs of European leisure vehicles. This has helped LCI gain valuable insight into Lavet’s strong management team and products.
Michele Checcucci, CEO of LCI RV Europe, commented, “We are delighted to have succeeded in bringing Lavet into LCI’s European RV family. The experience and professionalism of Lavet’s Managing Director, Maurizio Pieramici, together with the solidity and dynamism of LCI’s European RV division team, will be the engine to innovate and strengthen this product category for LCI’s European RV division in the years to come.”