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Slide #13. Thor Industries, Inc. — Federal Coach
Thor Industries, Inc. (NYSE:THO)
Thor Industries, Inc. announced that its Champion Bus, Inc. (Champion) subsidiary has purchased the bus operation assets of Federal Coach for $6.8 million in cash. Champion plans to move the assets and begin production of Federal Coach buses at its Imlay City, Mich. production facility in early calendar 2013. Federal Coach is a premier luxury bus manufacturer, producing a full line of shuttle, executive and limousine buses ranging in capacity from 12 to 44 passengers with annual sales of approximately $25 million.
Thor Industries is a manufacturer of recreational vehicles (RVs) in the U.S. and Europe, and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the U.S., Canada and Europe. Co.'s business activities are primarily comprised of three main operations, which include the design, manufacture and sale of North American towable RVs, North American motorized RVs and European RVs, with the European vehicles including both towable and motorized products as well as other RV- related products and services. Co. has three reportable segments, all related to RVs: North American towables, North American motorized and European.
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