- Xtreme Motor Co. is a new MVP: Chicago businessman Larry Wang has purchased Xtreme Motor Co., of Russellville, Ark., for an undisclosed amount. The deal closed Feb. 1. Layne Smith, CEO of Xtreme, will continue with the firm as executive vice president of motorsports and will concentrate on product development. Wang also owns the 50-year-old WEN Products, a manufacturer of power tools, among other investments. He's imported and sourced products through Asian companies for years, and he sells them through big box retailers. The move is expected to provide a capital infusion and additional resources for Xtreme. Xtreme will remain in Russellville and no staff changes are planned. One major Japanese OEM has spotted close to 50 products that look suspiciously like copies of its products. Look for some action here soon.
— Joe Delmont