Valley Towing Products, Rochester Hills, Mich., announced it has entered into a partnership agreement with Revstone Industries LLC, Lexington, Ky. Under the agreement, Valley will become part of REM-Tec, Revstone’s aftermarket group of businesses, continuing to conduct business under the name of Valley Towing Products.
Terms of the agreement were not disclosed.
Valley’s management team purchased the towing and hitch products division from Thule in June 2009.
Valley’s existing management team will remain in place: George Caplea, president and CEO; Richard Marsden, CFO; Larry Fisher, vice president of sales and marketing; Chris Fudala, vice president of engineering; and Brian Rishell, vice president of global sourcing and purchasing.
“The partnership with Revstone will provide a solid platform for Valley to move forward in its quest for increased market share in the towing arena,” Valley noted in a press release.
Revstone is a multifaceted company involved in transportation, aerospace, energy, general industrial, medical, agriculture, electronics and consumer industries.