Thor Industries LogoThor Industries, Inc. announced expansion plans to support the ongoing growth of its businesses. Thor Wakarusa LLC, a wholly owned subsidiary of Thor Industries, purchased the recreational vehicle (RV) production campus in Wakarusa, Indiana that was formerly operated by Navistar International Corporation. The land and production facilities, including certain related equipment, are to be purchased from a company owned by New York-based American Industrial Partners (AIP).

Bob Martin, Thor President and Chief Operating Officer, commented, “This purchase marks an important step forward in the growth of our RV business. With this new production complex, we will be better positioned to achieve our long-term strategic growth initiatives. Even more compelling, this purchase will allow us to expand capacity faster and at a lower cost than other options. We are excited about the future prospects of reinvigorating the Wakarusa facilities.”

The purchased facilities are comprised of nearly one million square feet of total production space located on more than 150 acres located in Wakarusa, Indiana. In addition to the production space, the complex includes more than 35 paint booths designed specifically for painting recreational vehicles. Initially, Thor plans to use the facilities for motorized production to better enable Thor Motor Coach to meet current and expected demand, and to vertically integrate paint operations through a facility operated by Thor’s Keystone subsidiary. The facility includes space that offers the potential for additional production as well. Thor expects to finalize transition planning once the seller exits the facilities which is expected to occur late this summer.

 



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