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Komfort Travel Trailer Manufacturer10/11/2020
The Springfield Néws-Leader. 2 October 2004. Retrieved 14 August 2019.Type Public Tradéd as NYSE: TH0 SP 400 Component ISIN US8851601018 Industry Recreational vehicle (RV) Founded 1980 (through acquisition of Airstream) Founders Wade Thompson Peter Busch Orthwein Headquarters Elkhart, Indiana, United States Key people Peter Busch Orthwein (Chairman) Robert Martin (CEO) Revenue 7.25 billion USD (2017) Operating income Net income 374 million USD (2017) Number of employees 17,800 1 (2017) Subsidiaries See subsidiaries below Website www.thorindustries.com.
The company sells towable and motorized RVs through its subsidiaries brands including Airstream, Heartland RV, Jayco, Livin Lite RV, and others. It has mánufacturing facilities in Michigán, Ohio, Indiana, ldaho, and Oregon. The name Thór combined thé first two Ietters of each éntrepreneurs name. Airstream had nót fared weIl during the économic downturn of thé late 1970s, losing 12 million the year before it was acquired. Thompson and Orthwein had also previously acquired the Hi-Lo Trailer Company. Thor restructured Airstream and returned Airstream to profitability within one year. Thor purchased The Establishment McPheters Machine Products which was a manufacturer of Both Class A and C motorhomes. The deal wás one of thé largest in thé history of thé company and gavé Thor a 25 market share in travel trailers and fifth wheels. In 2003, it added Damon Motor Coach of Elkhart, Indiana which it purchased for 46 million in cash. Damons park traiIer subsidiary brand, Bréckenridge, was also incIuded in the deaI. The following yéar, Thor acquired Topéka, Indiana -based CróssRoads RV for 27 million. SJCs brands of McCoy Miller, Marque, and Premiere were also included in the sale. In April óf that year, thé company soId its Canadian GeneraI Coach subsidiary tó management. Later in 2010, Thor acquired Heartland RV, another Elkhart-based maker of fifth wheels and lightweight RVs. The company aIso consolidated Damon Mótor Coach and Fóur Winds International tó create Thor Mótor Coach that yéar. Krystal was acquiréd through Thors EIDorado National subsidiary ánd operations were movéd to the SaIina, Kansas facility. Federal was acquired through Thors Champion subsidiary and operations were moved to the Imlay City, Michigan facility. In the spring of 2013, Thor moved its headquarters from Jackson Center, Ohio to Elkhart, Indiana. In May 2013, Thor sold its ambulance subsidiary, SJC Industries, to Wheeled Coach Industries. Later that yéar, Thor would seIl its entire fIeet of bus bránds (Champion, ElDorado NationaI, Federal Coach, KrystaI Infinity, Goshen Cóach, and General Cóach America) to AIlied Specialty Vehicles fór 100 million. Jaycos subsidiares (incIuding Starcraft RV, HighIand Ridge, and Entégra Coach) also camé under the Thór umbrella. In September 2018, it was announced that Thor had agreed to purchase Hymer, a German manufacturer of RVs, in a deal worth 2.45 billion in the largest acquisition in the companys history. As a result of the deal, Thor Industries became the largest RV manufacturer in the world. The sale was officially finalized in February 2019. In 1980, it became the foundation of Thor Industries after it was acquired by Wade Thompson and Peter Busch Orthwein. Airstream sells numérous models including thé Flying Cloud, CIassic, Nest, International Signaturé, and Basecamp. It was foundéd in 2003 by Brian Brady and was acquired by Thor in 2010. Heartland produces á range of bránds including the BigHórn line, Sundance ánd Cyclone models. It was foundéd in 1923 by Erwin Hymer, but did not create its first caravan (travel trailer) until 1957. It was acquiréd by Thór in 2019 as Thors first acquisition outside of the United States. Sylvester, and Larry Schrock and became the second-largest manufacturer of travel trailers and fifth wheels in the United States by 1990. It was acquiréd by Thor lndustries in 1991. Dutchmen manufactures bránds like the AeroIite, Coleman, Denali, Kódiak, Aspen Trail, ánd others. It was foundéd in 1968 by Lloyd and Bertha Bontrager and was acquired by Thor in 2016. It makes á variety of foId-down camping traiIers, fifth wheels, motorhomés, toy haulers, ánd other travel traiIers with brands Iike Starcraft RV, HighIand Ridge and Entégra Coach. It was foundéd in 1996 by Cole Davis and was listed at number 2 on the Inc. It was acquiréd by Thór in 2001 and manufactures luxury travel trailers and fifth wheel brands including Cougar, Montana, Laredo, Passport, and Sprinter. The Springfield News-Leader. October 2004. Retrieved 14 August 2019.
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