Velvac Acquires K-10 Enterprizes
Mar 25, 2009 1:05 PM
Velvac, Inc., a manufacturer and supplier of components to the truck, recreational and specialty vehicle industries, announced today that it has acquired the assets of K-10 Enterprizes of Mission, Texas, a supplier of blind-spot safety mirror systems for heavy-duty trucks. Velvac now offers the industry’s broadest line of mirror products, from proprietary mirror systems for OEM vehicles to high-volume replacement mirror heads and service parts.
Founded in 1979 by Bob and Lorraine Kolenda, K-10 pioneered hood- and fender-mounted blind spot mirrors with its “all-seeing” K-10 Eyeball Mirror, whose radius gives the driver detailed vision across the front and down the right side of heavy-duty trucks and commercial vehicles. K-10 also offers a line of conventional convex mirrors that provide more detailed observation of select or critical viewing areas and are used primarily on commercial vehicles and off-road trucks.
“K-10 strengthens Velvac’s presence in the heavy-duty truck mirror market by bringing us a premium line of hood- and fender- mounted mirrors,” said Velvac President and CEO, Jeff Porter. “In addition, we felt that the combination of K-10’s OEM and fleet relationships with Velvac’s broad product line and advanced development capabilities created more ways for us to provide more value to our heavy truck customers.
“K-10 is a great example of the synergistic fit we seek. Velvac has enjoyed a long-term supply relationship with K-10 and, over the years, the companies have collaborated on the development of a number of successful products. The Kolendas sought a buyer that shared their commitment to creating superior and innovative vision products that improve driver safety.”
With the acquisition, the Kolendas are retiring. Velvac will integrate K-10’s operations in Mission, Texas, into its manufacturing facility in Reynosa, Mexico. Product engineering and supply-chain activities will move to Velvac’s headquarters in New Berlin, Wis.
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