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21 Δεκ 2020 · In a move that may be greeted by some with disappointment, RV giant Thor Industries has bought out Tiffin Motorhomes. The selling price, $300 million, was coughed up by Thor through cash and a company draw-down of existing asset-based credit. The official sign-off took place Friday, December 18.
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21 Δεκ 2020 · RED BAY, Ala. (AP) — Indiana-based Thor Industries Inc. said Monday it had bought family-owned Tiffin Motorhomes, the Alabama-based manufacturer of high-end recreational vehicles, in a deal worth $300 million.
21 Δεκ 2020 · Will Tiffin Motorhomes shine even brighter under THOR? Time will tell. The jury is still out on how Winnebago’s acquisition of Newmar has affected that brand, so expect the same with this one. The big three just got bigger, and Tiffin Motorhome owners are wondering, what happens next?
21 Δεκ 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.
21 Δεκ 2020 · Thor Industries Inc. announced the acquisition of Tiffin Motor Homes, Inc. and related companies for $300 million, funded with a combination of available cash and a draw on the company’s existing asset-based credit facility.
21 Δεκ 2020 · (December 21, 2020) — THOR Industries, Inc. has acquired Tiffin Motorhomes, Inc. and related companies for $300 million. Tiffin is best known for its high quality, luxury motorhomes. SEE VIDEO BELOW.
