Kraco Enterprises
 | |
| Private | |
| Industry | Automobile |
| Founded | 1954 |
| Founder | Maurice H. Kraines |
| Headquarters | 505 E. Euclid Ave, Compton, CA 90224, USA |
| Products | Automotive Aftermarket |
| Revenue | 200 million USD |
Number of employees | 250 |
| Parent | Sun Capital Partners |
| Website | Kraco.com |
Kraco Enterprises, LLC, is primarily a fabricated rubber products manufacturing company. While they mainly produce floormats, they have also produced tire walls and even audio equipment including car speakers, stereos, and CB radios. Kraco was founded in 1954 in Compton, California.[1] Their first product was "Snap-on" white walls to create temporary white-walled tires. They moved into making rubber, vinyl and soon thereafter, carpet floormats as the business expanded.
During the 1980s and 1990s, Kraco became involved with Indy Car racing, winning the Indianapolis 500 in 1992.
Sun Capital Partners, a US-based investment firm, acquired Kraco in August 2008.[2] In 2010, Sun Capital purchased Auto Expressions, a provider of automobile accessories, and merged it with Kraco in October 2010, which resulted in Kraco tripling its revenue.[3]
References
- ↑ "Kraco Enterprises, LLC". Hoover's Inc. website. Dun & Bradstreet. Retrieved March 11, 2012.
- ↑ "Kraco Enterprises". Sun Capital Partners. Retrieved March 11, 2012.
- ↑ Beckerman, Josh (June 11, 2010). "The Week In Private Equity: The Ants And The Giraffes". Private Equity Beat. The Wall Street Journal. Retrieved March 11, 2010.