Thor Industries announces acquisition of Jayco
RV Business
Thor Industries Inc. announced July 1, the acquisition of Jayco Corp. for approximately $576 million in cash.
The company reported in a statement that the transaction “represents a unique and significant opportunity to enhance the growth of Thor and advance the company’s strategic focus on growing its recreational vehicle business.” In particular, Jayco brings complementary products in travel trailers, folding camping trailers, higher-end diesel Class A motorhomes and larger Class C motorhomes.
Jayco will be a wholly owned subsidiary of Thor, and the existing senior management team will continue to lead the business. Thor will operate Jayco as an independent company as it does with its other subsidiaries. It will be “business as usual” at Jayco as their existing, experienced management team will continue to manage their operations and compete effectively in the RV market.
Read the full article here, where it is originally published.