Drew Industries Incorporated (NYSE: DW) has announced that its Board of Directors has approved changing the Company’s corporate name to “LCI Industries.”
Through its wholly owned subsidiary Lippert Components, Inc. (LCI) and its subsidiaries, Drew Industries supplies a broad array of components for the leading OEMs of recreational vehicles (RVs) and adjacent industries, as well as the aftermarkets of these industries.
Lippert Components’ business has grown considerably over the past decade, and the new corporate name was selected to better align the investment community with the strength of the LCI brand in the industries it serves.
The name change will be effective on December 30, and the Company has reserved the ticker symbol “LCII“, said the press release via Seeking Alpha.
The Company’s common stock will begin trading on the New York Stock Exchange (NYSE) under its new name and trading symbol effective January 3, 2017.
Drew Industries tells the Daily Business News that outstanding stock certificates will not be affected by the name change and will not need to be exchanged. All stock trading, filings and market-related information will be reported under the new corporate name and trading symbol.
Drew Industries supplies component parts to the manufactured housing and recreational vehicle industries across the U.S. and in Europe, and recently completed its acquisition Atwood Mobile Products. That story is linked here.
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Submitted by RC Williams to the Daily Business News for MHProNews.