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Slide #10. Thor Industries, Inc. — K-Z, Inc.
Thor Industries, Inc. (NYSE:THO)
Thor Industries, Inc. (NYSE:THO) today announced that it has entered into an agreement to acquire the outstanding capital stock of recreational vehicle (RV) manufacturer K-Z, Inc. (K-Z) in a transaction closing effective May 1, 2014. The purchase price, which will be paid in cash, is approximately $53.4 million, subject to adjustment.
Thor Industries is a manufacturer of recreational vehicles and sells those vehicles, as well as related parts and accessories to independent, non-franchise dealers. Co.'s segments are: North American Towable Recreational Vehicles, which consists of Airstream (towable), Heartland (including Cruiser RV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen) and KZ (including Venture RV); North American Motorized Recreational Vehicle, which consists of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach; and European Recreational Vehicles, which consists of the Erwin Hymer Group business.
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