Profile: Thor Industries Inc (THO.N)
21 Nov 2014
Thor Industries, Inc. (Thor), incorporated on July 29, 1980, manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada. The Company operates in three segments: towable recreation vehicles, motorized recreation vehicles and buses. The towable recreation vehicles segment consists of product lines from Airstream, Inc. (Airstream), CrossRoads RV (CrossRoads) and Dutchmen Manufacturing, Inc. (Dutchmen), Thor Motor Coach, Inc. (Thor Motor Coach), Keystone RV Company (Keystone) and Heartland Recreational Vehicles, LLC (Heartland). The motorized recreation vehicles segment consists of product lines from Airstream and Thor Motor Coach. The buses segment consists of operating companies, such as Champion Bus, Inc. (Champion), ElDorado National California, Inc. (ElDorado California), ElDorado National Kansas, Inc. (ElDorado Kansas) and Goshen Coach, Inc. (Goshen Coach). In October 2012, its Eldorado National Kansas subsidiary purchased he bus operation assets of Krystal Infinity, LLC, doing business as, Krystal Enterprises. In May 2013, the Company announced that the sale of substantially all of the assets of SJC Industries Corp. In August 2013, the Company announced that it acquired the assets of the recreational vehicle maker Livin' Lite through a wholly-owned subsidiary. In November 2013, Thor Industries, Inc announced that, through a wholly owned subsidiary, acquired the net assets of specialty trailer manufacturer Bison Coach from an operating unit of Navistar, Inc.
The Company manufactures and sells a variety of recreation vehicles throughout the United States and Canada, as well as related parts and accessories. Recreation vehicle classifications are based upon standards established by the Recreation Vehicle Industry Association (RVIA) and park model classifications are based upon standards established by the Recreation Park Trailer Industry Association (RPTIA). The principal types of recreation vehicles that it produces include conventional travel trailers, fifth wheels, Class A, Class C and Class B motorhomes and park models.
Travel trailers are non-motorized vehicles which are designed to be towed by passenger automobiles, pickup trucks, sport utility vehicles (SUVs) or vans. Travel trailers provide self-contained living facilities for short periods of time. The Company produces conventional and fifth wheel travel trailers. Park models are recreational dwellings towed to a permanent site, such as a lake, woods or park. The maximum size of park models in the United States is 400 square feet. A motorhome is a self-powered vehicle built on a motor vehicle chassis. Motorhomes are self-contained with their own lighting, heating, cooking, refrigeration, sewage holding and water storage facilities, so that they can be lived in without being attached to utilities.
Class A motorhomes, constructed on medium-duty truck chassis, are supplied complete with engine and drivetrain components by motor vehicle manufacturers, such as Workhorse Custom Chassis, Ford and Freightliner. The Company designs, manufactures and installs the living area and driver’s compartment of Class A motorhomes. Class C and Class B motorhomes are built on a Ford, General Motors or Mercedes Benz small truck or van chassis, which includes an engine, drivetrain components and a finished cab section. The Company constructs a living area, which has access to the driver’s compartment and attaches to the cab section. Motorhomes provides living facilities for short periods of time.
The Company manufactures and sells small and mid-size bus products which consist of units used by mass transit, airport shuttles, nursing and retirement homes, church organizations and other commercial and tourist uses. Its larger Axess bus, which is available in various lengths up to 40 feet, is designed for transit and airport shuttle uses. Its ambulances are used by public and private rescue squads. Its bus production facilities are located in Salina, Kansas; Riverside, California; Imlay City, Michigan and Elkhart, Indiana.
The Company competes with Jayco, Inc., Winnebago Industries, Inc., Forest River, Inc. and Supreme Industries, Inc.
Thor Industries Inc
601 E Beardsley Ave
ELKHART IN 46514-3305