Thor Announces Sale Of SJC Industries Subsidiary
Thor Industries, Inc. (NYSE: THO) has announced the sale of substantially all of the assets of SJC Industries Corp., a subsidiary that manufactures ambulances, to Wheeled Coach Industries, Inc., a subsidiary of Allied Specialty Vehicles, Inc., a privately held company based in Orlando, Florida.
Bob Martin, Thor President and Chief Operating Officer, commented, “The sale provides the opportunity to streamline our bus operations and refocus these assets on our core business in a way that leaves our Goshen Coach operation better positioned to take advantage of future opportunities.”
Peter Guile, Chief Executive Officer of ASV stated, “I am pleased with the addition of the McCoy-Miller and Marque ambulance brands to the Fire & Emergency Segment of Allied Specialty Vehicles, Inc. Both McCoy-Miller and Marque have been respected manufacturers within the ambulance industry for many years. ASV plans to build upon the strong reputation of the McCoy and Marque brands by supporting and enhancing their respective dealer’s and providing an outstanding customer experience.”
About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent the world’s largest manufacturer of recreation vehicles and a major builder of buses and commercial vehicles.
About Allied Specialty Vehicles (ASV)
ASV is a +$1 billion manufacturer comprised of industry leading brands serving Fire & Emergency, Recreational and Commercial vehicle markets. Within the Fire & Emergency segment ASV offers a full line of Fire Apparatus and Ambulances. Within the Recreational Vehicle the company produces motorized RV’s under many of the industry’s most iconic brands. The Commercial segment produces school buses, terminal trucks and sweeper vehicles.
Category: General Update
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