Posts Tagged ‘toy haulers’
Thor Industries announced Tuesday that it acquired the assets of recreational vehicle maker Livin’ Lite through a wholly-owned subsidiary. The purchase is subject to customary closing conditions and is expected to be completed by Aug. 30, 2013.
“We are pleased to welcome Livin’ Lite to the Thor family of RV brands. Adding such a creative RV maker to Thor’s strong stable of brands will enable us to expand our industry-leading position in new product development into camping trailers and truck campers,” said Bob Martin, Thor president and chief executive officer.
“We see many opportunities for expanding Livin’ Lite’s market presence through the Thor dealer network, and the ability to leverage their lightweight aluminum and composite construction technology in other Thor products. This transaction represents a solid example of executing our strategic plan to grow our RV presence through the acquisition of brands and technologies that complement our existing business.”
Founded by former Heartland executive Scott Tuttle, Wakarusa, Ind.-based Livin’ Lite is known for its advanced lightweight aluminum construction applied to a variety of smaller RVs, including travel trailers, toy haulers, camping trailers and truck campers. Livin’ Lite also markets its products in partnership with a number of leading consumer brands including Jeep. Having recently been named to Inc. magazine’s list of fastest growing companies for the third consecutive year, Livin’ Lite is expected to generate sales of approximately $24 million for calendar year 2013.
“We are excited to join forces with Thor, the leading company in the RV industry, and we are looking forward to the new growth opportunities we should see as a result,” said Scott Tuttle, president, CEO and founder of Livin’ Lite. “We have worked diligently to grow Livin’ Lite over the past five years and expect to extend that growth as we bring the distribution, operational and financial strengths of Thor to bear on our business. As the newest company to join Thor, we also expect to add to our combined development efforts as we apply our proprietary technology to a broader array of existing product lines and bring our combined market strength to camping trailers and truck campers.”
Thor expects to offer Livin’ Lite’s current 35 models to its current dealer network upon closing of the transaction. The Company expects Livin’ Lite will continue to operate out of its existing Wakarusa facilities with minimal disruption to its current business resulting from the acquisition.
For more information about Thor Industries, Inc., visit www.thorindustries.com.
The Michigan Association of Recreation Vehicles and Campgrounds (MARVAC) is sponsoring the 47th Annual Detroit Camper & RV Show, February 6-10, 2013, in Novi at the Suburban Collection Showplace (located on Grand River, between Novi and Beck Road). All types of new 2013 recreation vehicles — over 275 units and 50 brands displayed; folding campers, motor homes, travel trailers, truck campers, fifth wheel travel trailers and toy haulers.
On display at the show, you’ll see folding campers from $4,999, trailers from $8,999 and motorhomes from $49,999. Discounts on 2012 models, plus, manufacturer rebates on select RVs. Booths featuring parts and accessories, campground information, on site RV financing and RV rentals make this the complete RV show experience.
At the show, enter to win the Ultimate MIS Race Experience package from Michigan International Speedway. Includes tickets, camping and VIP access (valued at nearly $3,000).
Coupons are available at www.marvac.org, Big Boy restaurants, and in area newspapers. Visit one of the 20 metro Detroit NAPA Auto Parts Stores for your discount admission coupon. With this special coupon, all consumers can get $1 off any adult or senior admission.
Show goers can pick up the new 2013 RV & Campsite Guide. This guide to camping and RV dealers in Michigan now includes coupons.
The 47th Annual Detroit Camper & RV Show will be held in Novi at the Suburban Collection Showplace and is open weekdays 2-9 p.m., Saturday 11 a.m.-9 p.m. and Sunday 11 a.m.-6 p.m. The cost for adult admission (ages 13 and up) is $9; senior admission is $8; children ages 12 and under are admitted free!
The show is sponsored by the Michigan Association of Recreation Vehicles and Campgrounds (MARVAC), a member organization representing all aspects of the camping and RV industries.
You can call 517.349.8881 or visit marvac.org for additional information on the RV show.
RV 2012 – HGTV’s annual one-hour TV special covering all things RVing – premieres on Jan. 1 at 3 p.m. (Eastern), according to a report by Examiner.com. HGTV host Brandon Johnson will lead three lucky families on the shopping trip of a lifetime as they hunt for the perfect RV – from elegant motorhomes to tricked-out travel trailers and toy haulers.
Shot on location at the Pennsylvania RV and Camping Show – held annually in September at the Giant Center in Hershey, Pa. – the RV show is sponsored by the Pennsylvania Recreation Vehicle and Camping Association (PRVCA). The show ranks No. 11 out of the 200 largest trade shows in the U.S. and Canada with 59 leading manufacturers and over 100 supplier vendors represented.
HGTV – America’s leader in home and lifestyle programming – is distributed to more than 89 million U.S. households and is one of cable’s top-rated networks. HGTV.com is the nation’s leading online home and garden destination that attracts an average of 5.2 million unique visitors per month.