Methode Electronics’ Grakon Business Unit Recognized as a Top Supplier by PACCAR

Rhea-AI Summary

Methode Electronics (NYSE: MEI) announced that its Grakon business unit, a global leader in advanced lighting systems, has been named a top-performing supplier by PACCAR, the manufacturer of Kenworth and Peterbilt trucks.

The recognition comes through PACCAR's Supplier Performance Management (SPM) Program, which evaluates suppliers based on product development, operations, aftermarket support, and alignment with PACCAR's business objectives. The program is designed to promote collaboration and continuous improvement across the supply chain.

Grakon has been instrumental in multiple PACCAR launches, providing interior and exterior lighting solutions for Kenworth, Peterbilt, and DAF vehicles. CEO Jon DeGaynor emphasized the company's commitment to innovation, quality, on-time delivery, and product reliability as key factors in maintaining their successful partnership with PACCAR.

CHICAGO, March 20, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) announced today that its Grakon business unit, a global leader in advanced lighting systems, has been recognized by PACCAR, maker of Kenworth and Peterbilt trucks, as a top-performing supplier.

Each year, PACCAR honors its highest-performing suppliers through its Supplier Performance Management (SPM) Program, which measures achievements in product development, operations, aftermarket support, and alignment with PACCAR’s key business objectives.

The SPM program fosters collaboration and continuous improvement, driving innovation and performance enhancements across the supply chain. Over the years, Grakon has contributed to multiple PACCAR launches, providing interior and exterior lighting solutions for Kenworth, Peterbilt, and DAF.

“We are honored that PACCAR has recognized Grakon as a top-performing supplier. This recognition underscores our commitment to innovation, quality, on-time delivery, and product reliability - key factors in supporting our customers’ success. We value our long-standing partnership with PACCAR and look forward to continuing to drive innovation and performance in the commercial vehicle industry,” said Jon DeGaynor, President and Chief Executive Officer.

About Grakon, LLC
Grakon, LLC is a global leader in the design, development and manufacture of advanced lighting systems, controls and components for premier OEM manufacturers in the heavy truck, bus, rail, commercial electric vehicles, and power sports markets.

Grakon is a business unit of Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia.

Media:
Alli Anderson
Director, Corporate Communications
aanderson@methode.com
708-457-4041

Investors:
Robert K. Cherry
Vice President, Investor Relations
rcherry@methode.com
708-457-4030

FAQ

What recognition did Methode Electronics' Grakon unit receive from PACCAR in March 2025?

Grakon was recognized as a top-performing supplier through PACCAR's Supplier Performance Management (SPM) Program.

What products does Grakon supply to PACCAR's truck brands?

Grakon provides interior and exterior lighting solutions for PACCAR's Kenworth, Peterbilt, and DAF vehicles.

What criteria does PACCAR use to evaluate suppliers like MEI's Grakon unit?

PACCAR evaluates suppliers on product development, operations, aftermarket support, and alignment with business objectives through their SPM Program.

How does this PACCAR recognition impact Methode Electronics (MEI) market position?

The recognition reinforces MEI's position as a leading supplier in the commercial vehicle industry and strengthens its long-standing partnership with PACCAR.

What are the key performance factors that led to Grakon's recognition by PACCAR?

Grakon was recognized for its innovation, quality, on-time delivery, and product reliability in supporting PACCAR's operations.