Rheinmetall acquires Loc Performance Products, moves further into U.S. ground vehicles market

By Dominic Minadeo / December 2, 2024 at 3:33 PM
Rheinmetall AG officially closed on its $950 million purchase of Loc Performance Products, LLC on Nov. 29, a move aimed at strengthening the Düsseldorf-based vendor's hand in the United States' ground vehicles market, according to a Monday announcement . The takeover, first reported by Breaking Defense , was initially announced in August. American Rheinmetall Vehicles, a subsidiary of Rheinmetall based in the United States, will manage the acquired company. “The acquisition of Loc Performance Products proves that we are...

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