QUEENS, N.Y. — Rosco Inc. has entered into an agreement for the acquisition of the assets of Mirror Lite Co., Rosco officials announced on Thursday.
The deal is expected to close before the end of the year.
Rosco provides mirrors, sun visors, backup camera systems and other automotive vision safety solutions for school buses and other vehicles. Mirror Lite also offers mirrors and sun visors for school buses and other commercial vehicles.
Company officials said that the acquisition expands Rosco’s presence in the commercial vehicle industry, extends its current offering of mirror products, and further strengthens the company’s position as a leading provider of automotive vision safety solutions for the commercial vehicle industry.
With the transaction, Mirror Lite President Bill Schmidt announced his retirement and said that he looks forward to supporting customers during the transition.
Mirror Lite, established in 1956, is headquartered in Rockwood, Mich.
According to Ben Englander, Rosco’s vice president of engineering, “The convergence of technology from both companies will enable Rosco to continue providing cutting-edge vision safety products to the medium- and heavy-duty vehicle marketplace. Bringing the two organizations together will create efficiencies and synergies to help keep Rosco lean in today’s competitive environment.”
Rosco has more than 100 years of automotive vision safety experience that, when combined with Mirror Lite’s 57-year history, "represents a wealth of commercial automotive vision solutions, knowledge and capability to build on for the future," company officials said.