ELKHART, Ind., Oct. 30, 2018 /PRNewswire/ -- SEMA South Hall, Upper Level, Booth #35039 -- Truck Accessories Group (TAG) announced today that it has entered into a letter of intent to acquire Takit, Inc., dba BEDSLIDE, a leading supplier of retractable truck bed cargo trays, pending a 30-day due diligence period. Subject to the satisfaction or waiver of certain conditions to closing, the expected closing date is November 29th.
The planned acquisition strengthens TAG's leadership position in the truck-accessory category and represents the first of many planned changes in the company's new strategic direction.
"The addition of BEDSLIDE products to our portfolio products is an important investment which diversifies our product line and allows TAG to be a more integrated partner to our customers," said John Poindexter, Chief Executive Officer of J.B. Poindexter & Co, Inc., TAG's parent company.
"TAG is the perfect partner for BEDSLIDE," said Dan Marshall, Owner and CEO of BEDSLIDE. "Working with the industry leader in pickup caps and covers, as well as their impressive management team, ensures the long-term success of the BEDSLIDE product line."
About TAG
Truck Accessories Group, LLC (TAG), a veteran-owned company, is the corporate parent of industry-leader LEER, and other important truck accessory brands including SNUGTOP, Pace Edwards, Century and Raider. TAG is a dominant force in the design, engineering, fabrication, shipping and marketing of pickup truck bed protection products. With more than 40 years of experience in the production of truck caps and tonneaus, TAG has been a driving force behind key advancements that have brought the cap and tonneau industry to where it is today. For more information about the products, brands and manufacturing capabilities of Truck Accessories Group, LLC, visit www.truckgroup.com.
SOURCE Truck Accessories Group, LLC
