Dorman Products Acquires Dayton Parts 2021 - $338M Deal

Dorman Products announced the acquisition of Dayton Parts for $338 million to accelerate heavy-duty vehicle business growth. The combined entities will offer a complete line of brake, spring, steering, suspension, driveline and hitch & coupling products for commercial vehicles in the USA and Canada. The transaction, expected to close in H2 2021, is projected to be immediately accretive to adjusted diluted EPS and deliver strong margins.