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The company announces that it has acquired Laydon Composites, a manufacturer of aerodynamic devices for heavy-duty trucks and trailers.
LCL generated revenues of approximately CAD$25 million in 2015 and is headquartered in Oakville, Ontario, Canada. Building on more than 30 years of experience, LCL was previously privately owned and operated.Through the acquisition, Wabco will provide a full range of aerodynamic devices for commercial vehicles worldwide. Aerodynamic products reduce air drag of commercial trucks traveling long distances at highway speeds, thereby lowering fuel consumption and CO2 emissions. Aerodynamic devices help commercial vehicle fleet operators to improve their operational efficiency and environmental performance.The acquisition creates attractive growth opportunities for both companies. Wabco’s strong global presence provides customers worldwide with increased access to LCL products; likewise, the company expands its market access to North America through LCL’s sales network and customer relationships in the region. Both companies have similar organizational cultures characterized by world-class engineering expertise and excellence in execution.Wabco and LCL combined provide a comprehensive portfolio of aerodynamic devices for heavy duty trucks and trailers for markets worldwide. LCL pioneered and continues to advance aerodynamic technology that is standard equipment on leading brands of heavy-duty trucks in North America. The company’s collapsible air fairings improve air flow over tractor cabs, reducing fuel usage as much as 12 percent. For trailers, LCL’s patented, SmartWay Elite certified Trailerskirt and nose fairings reduce air drag for a combined 9 percent fuel savings and lower CO2 emissions.More information: www.wabco-auto.com