THO - Mergers and acquisitions

ELKHART, Ind., Dec. 7, 2021 /PRNewswire/ -- THOR Industries, Inc. (NYSE:THO) today announced the acquisition of Elkhart, Indiana-based Elkhart Composites, Inc. by THOR's Airxcel, Inc. subsidiary.  Elkhart Composites is engaged in the development and sale of a proprietary sustainable foamed polypropylene-based composite material marketed and sold under the "Elkboard" brand name. Lightweight, rigid, and durable, Elkboard is used in the RV industry for sidewalls, helping to alleviate the industry's dependence on traditional lauan-based sidewalls. Unlike traditional lauan-based sidewalls, Elkboard is a sustainable solution and is not susceptible to rot or delamination. "We are excited about thi

ELKHART, Ind., Sept. 1, 2021 /PRNewswire/ -- THOR Industries, Inc. (NYSE:THO) announced it has acquired Wichita, Kansas-based AirX Intermediate, Inc. ("Airxcel") with the transaction closing effective September 1, 2021. Airxcel manufactures a comprehensive line of high-quality RV products which they sell to original equipment manufacturers (OEMs) as well as consumers via aftermarket sales through dealers and retailers.  The purchase price is $750 million, subject to standard post-closing adjustments, and was funded through a combination cash-on-hand and $625 million from THOR's expanded Asset-Based Credit Facility (ABL). Financial Highlights Airxcel generated annual pro fo

ELKHART, Ind., Dec. 21, 2020 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced the acquisition of Tiffin Motor Homes, Inc. and related companies (collectively, the "Tiffin Group") for $300 million, funded with a combination of available cash and a draw on the Company's existing asset-based credit facility. The Purchase Agreement was executed and effective at the close of business on December 18, 2020. Tiffin Group, LLC, a wholly owned subsidiary of THOR, will own the Tiffin Group, which will continue to be managed by the Tiffin family and existing senior management team. "The Tiffin brand is synonymous with quality and customer satisfaction in our industry. For many decade