Truck Accessories Group (TAG) has entered into a letter of intent to acquire BEDSLIDE. The transaction is expected to close on Nov. 29.
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, according to TAG.
“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, CEO 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.”