By SEMA Editors
|Truck Accessories Group (TAG) has entered into a letter of intent to acquire Takit Inc. (BEDSLIDE).|
Truck Accessories Group (TAG) has announced that it has entered into a letter of intent to acquire Takit Inc. (BEDSLIDE)—a supplier of retractable truck-bed cargo trays, pending a 30-day due diligence period.
Subject to the satisfaction or waiver of certain conditions to closing, the expected closing date is November 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.