1847 Holdings LLC (“1847” or the “Company”) (NYSE:EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that its subsidiary, Wolo Manufacturing Corp. (“Wolo”), has expanded into India through the Company’s supply chain diversification program, which is designed to assist 1847’s portfolio companies build a more resilient and sustainable supply chain.
Wolo is a leading manufacturer and distributor of vehicle horns and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment and emergency vehicles.
Mr. Ellery W. Roberts, CEO of 1847, commented, “We are excited to announce the expansion Wolo into India through our supply chain diversification program, which will allow them to reduce their reliance on a single source for products and services, as well as improve Wolo’s ability to swiftly respond to potential disruptions in the global supply chain. Importantly, India is a rapidly growing economy with a large and skilled workforce. India is also a strategic location for our business, with proximity to additional key markets in Asia and Europe. This is yet another example of the significant value we bring to both our portfolio companies and our shareholders, through an accretive, private equity style, holding company business model.”
