Elkhart-based Thor Industries, Inc. (NYSE: THO) says it has acquired one of Europe’s premier manufacturers of recreational vehicles, the Erwin Hymer Group. Thor says the acquisition makes the company the world’s largest RV manufacturer, with leading positions in both North America and Europe.
Costs relating to the acquisition will be included in Thor’s 2019 quarterly financial results.
The acquisition does however exclude EHG’s North American businesses.
"This is an exciting time for Thor as we complete the acquisition of Erwin Hymer Group, and immediately gain a leading position in the dynamic European RV market," said Bob Martin, Thor President and CEO in a news release, "Europe, the second largest market for RVs globally, is the most logical place to begin the next chapter of Thor’s growth."
For more information about the acquisition, click here.