News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
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 decades, Tiffin has set the standard for the luxury class A market. Its strong presence in the luxury class A segment makes it…
