Kraco Enterprises
 |
|
| Private | |
| Industry | Automobile |
| Founded | 1954 |
| Founder | Maurice H. Kraines |
| Headquarters | 505 E. Euclid Ave, Compton, CA 90224 |
| Products | Automotive Aftermarket |
| Revenue | 200 million |
|
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
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- Pages with reference errors
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- Private equity portfolio companies
- Auto parts suppliers of the United States
- Manufacturing companies based in California
- Companies based in Los Angeles County, California
- Compton, California
- Vehicle manufacturing companies established in 1954
- 1954 establishments in California
