For Immediate Release
May 8, 2019
JASPER, IND. —
Ridetech Is Now Part of the Fox Team of Companies
Ridetech is very proud to announce that it is now part of Fox Factory Holdings Corp. Ridetech will serve as cornerstone for the new Fox Street and Performance division. Founded in 1996 by Bret and Sharon Voelkel as Air Ride Technologies, the company transitioned to the Ridetech brand name in 2010 to reflect expansion into coilover suspension systems. Innovation and technological development have always served as the driving force at Ridetech. Those areas will be expanded under Fox’s ownership.
Ridetech founder Bret Voelkel commented, “I could not be more excited for the entire Ridetech family! The compatibilities between Fox and Ridetech make this acquisition a perfect match. Fox shares our vision for innovation, technology and market leadership. I’m personally very excited about my new role as Director of Innovation for the Fox Powered Vehicles Group. We have some great new products coming for our customers!”
Moving forward, longtime Ridetech/Air Ride Technologies Executive Vice President & General Manager, B.J. Elmore has been named to lead the company in this endeavor. Elmore had this to say about the transition, “I’m very excited about the opportunities, resources and brand equity afforded by our partnership with the Fox organization. We’ve worked very hard over the last several years to build a team of professionals that are hugely passionate about the automotive industry and its culture. With Fox’s added horsepower, Ridetech will set new standards for quality, performance and customer satisfaction in the automotive aftermarket. It’s truly my honor to continue to lead our team into the future.”
Industry veteran Jim Cozzie also remains with Ridetech’s leadership as Director of Business Development. “I am very excited about the teaming of these two, great industry-leading companies. Ridetech’s management is passionate, forward thinking and will bring an expanded approach to the automotive aftermarket”, stated Cozzie.
The company will continue to grow under the powerful Ridetech brand. Products will continue to be designed, tested and manufactured in Ridetech’s Jasper, Indiana factory.
Ridetech high performance suspension components and systems improve the handling and ride quality of muscle cars, trucks, hot rods and late model performance vehicles. Ridetech offers a wide range of premium products including air suspension systems (air ride), coilovers, shock absorbers, tubular control arms, coil and leaf springs, sway bars, roll bars and much more. Ridetech-equipped vehicles have won every prominent award in the aftermarket including Street Machine of the Year, Street Rod of the Year, Truck of the Year, the Ridler Award, America’s Most Beautiful Roadster, Goodguys Autocross and Hot Rod of the Year.
About Fox Factory Holding Corp. (NASDAQ: FOXF)
Fox Factory Holding Corp. designs and manufactures performance-defining products for on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles and bicycles. The Company is a direct supplier to leading power vehicle original equipment manufacturers (“OEMs”). Additionally, the Company supplies top bicycle OEMs and their contract manufacturers and provides aftermarket products to retailers and distributors.
FOX is a registered trademark of Fox Factory, Inc. NASDAQ Global Select Market is a registered trademark of The NASDAQ OMX Group, Inc. All rights reserved.
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