A subsidiary of Elkhart-based Thor Industries Inc. (NYSE: THO) is planning to move production to a larger facility in Milford. Bison Coach says strong demand led to the need for more space.
June 3, 2014
Elkhart, Ind. — Thor Industries, Inc. (NYSE: THO) today announced expansion plans for its Bison Coach subsidiary with the acquisition of a 55,000 square-foot production facility located on approximately 9 acres in Milford, Indiana. In addition to the facility, the Company also agreed to purchase approximately 20 acres of additional land that can be used for future expansion as needed.
The production facility is located near Bison's current production facilities and will be used to produce Bison's equine trailers with living quarters. With Bison's recent strong growth, the Company's existing facility in Milford was not large enough to meet current demand. Bison expects to transition production to the new facility in the fiscal fourth quarter ending July 31, 2014.
“Bison's product lines represent a solid growth opportunity beyond our traditional recreational vehicle markets,” said Bob Martin, Thor President and CEO. “With the solid growth Bison has achieved since their acquisition last fall, we found ourselves in a position of identifying opportunities to expand production quickly. This facility came on the market and it fit Bison's current production needs while providing the flexibility to meet future growth needs as they arise,” he added.
About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent one of the world's largest manufacturers of recreational vehicles.