Thor Announces Acquisition of Jayco for $576 Million
– Transaction to be accretive to earnings within the first fiscal year
– Purchase includes Jayco, Starcraft RV, Highland Ridge and Entegra Coach Subsidiaries
ELKHART, Ind., July 1, 2016 /PRNewswire/ — Thor Industries, Inc. (NYSE: THO) today announced the acquisition of Jayco, Corp. (Jayco) for approximately $576 million in cash. This transaction represents a unique and significant opportunity to enhance the growth of Thor and advance the Company’s strategic focus on growing its recreational vehicle (RV) business. In particular, Jayco brings complementary products in travel trailers, folding camping trailers, higher-end diesel Class A motorhomes and larger Class C motorhomes. Jayco will be a wholly owned subsidiary of Thor, and the existing senior management team will continue to lead the business.
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