The $300 million acquisition was announced in late December. “Lord willing, we will be here for everybody just like we always have.” “We are going to keep going to the shows and keep being there for everybody,” Tiffin said. Tiffin said THOR Industries was exactly what he had been looking for – a company that respected how Tiffin did things and would allow them to continue doing the things that built the legacy.
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Thor Industries ranks 1st in Employee Net. “We buy companies that have strong history, great people, great team members, and we help them achieve their goals,” Martin said. Thor Industries competitors include Jayco, Forest River, Harley-Davidson, Hero MotoCorp and Winnebago Industries. Martin said he has a great deal of respect for Tiffin and the legacy he has built, which was one of the things that attracted him to the Tiffin name. “There’s a great workforce down here, and there’s opportunities to grow, so that was one of the big things we saw as a benefit to coming down here,” Martin said. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The acquisition included 45 trailer dealerships, some 200 service centers, and a manufacturing facility in Jackson Center, Ohio, where almost all of the company’s trailers were built. (NYSE:THO Get Rating) have received a consensus rating of Hold from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Martin said THOR Industries, which is based in Indiana, never anticipated moving business so far from headquarters, but that changed when they saw the northwest Alabama area. Who Owns Thor Industries Wade Thompson and Peter Orthwein are the founders who started the business in 1980 with the purchase of Airstream. If anything, we will probably open more, if that is something they want to help them grow.” These and other risks and uncertainties are discussed more fully in our Quarterly Report on Form 10-Q for the quarter ended Apand in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2021. “A lot of people think we buy a company and are going to want to start shutting stuff down,” said THOR Industries President and CEO Bob Martin.
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Tiffin said the move under THOR Industries will not change much of the business Tiffin does, but it is anticipated to bring expanded innovation, access to capital for facilities and process improvements and the ability to improve customer service.
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“We are going to be doing exactly what we have done in the past and taking care of customers.” “I think it’s going to be great for us and for our owners,” said Bob Tiffin. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as. This presentation includes certain statements that are 'forward-looking' statements within the meaning of the U.S. The Tiffin family will continue to run the daily operations of the four facilities – in Red Bay, Belmont, Winfield and Burnsville. THOR INDUSTRIES THIRD QUARTER OF FISCAL 2022 FINANCIAL RESULTS. Tiffin Motorhomes in Red Bay is joining THOR Industries, one of the world’s largest companies for recreational vehicles.