Updated Dec 21, 2020; Posted Dec 21, 2020. By Russ and Tiña De Maris. Thor Motor Coach is one of the RV companies that THOR Industries owns. THOR Industries Buys Tiffin Motorhomes. Community Rules apply to all content you upload or otherwise submit to this site. While operations at Tiffin will continue to be led by the Tiffin family, we look forward to the positive innovations and opportunities this move will provide our company and our valued customers and fans. ELKHART — Thor Industries Inc. has purchased Tiffin Motorhomes Inc. and related companies for $300 million. Tiffin Motorhomes in Red Bay is joining THOR Industries, one of the world’s largest companies for recreational vehicles. I believe that in less than 5 years Tiffin motor homes will be no better than brands now sold under the manufacturer Thor Motor Coach. “I think it’s going to be great for us and for our owners,” said Bob Tiffin. RED BAY, Ala. — In the city of Red Bay, the family name Tiffin holds weight. Your ratings and your comments tell it all. of $494,159. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. © 2021, Nasdaq, Inc. All Rights Reserved. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Even though we are a member of the THOR Industries family of companies, Tiffin owner and lead data is owned by Tiffin Motorhomes and will not be shared with any other THOR … The 2019 Tiffin Allegro Bus motorhome has an M.S.R.P. Dan Gleiter | dgleiter@pennlive.comPENNLIVE.COM. The Strong Buy analyst consensus is based on 4 Buys and 1 Hold. These symbols will be available throughout the site during your session. Type a symbol or company name. An Alabama-based motorhome company has been acquired by an Indiana company. On Dec. 8, Thor reported better-than-expected 1Q results. Thor is headquartered in Elkhart, and Tiffin … 4 To Consider, #TradeTalks: A technical update on the major averages, as well as preview into bank earnings, #TradeTalks: How the volatility picture is playing out in the tech space, #TradeTalks: CME Group’s expansion of its E-mini Nasdaq-100 options for more short-term trading, #TradeTalks: Levels to watch in the Nasdaq-100 with earnings season starting this week, The Top 28 Cryptocurrencies to Know in 2021: BTC, ETH, DOGE and More, Best Stocks To Buy Right Now? “Though many aspects of our business will not change, we do anticipate many positive developments under THOR Industries. ELKHART, Ind., Dec. 21, 2020 /PRNewswire/ -- THOR Industries, Inc. (NYSE: THO) today announced the acquisition of Tiffin Motor Homes, Inc. and related companies (collectively, the "Tiffin … The RV Podcast's big new this week is the announced $300 million purchase of Tiffin Motorhomes by the giant Thor Industries, which already is the largest RV manufacturer in the world. What seemed unlikely, became a reality. Service operations will remain with Tiffin and no delays are expected to take place in production or delivery timelines due to the acquisition, the company said. The partnership was natural fit for the two businesses, Martin stated, leading to the acquisition. The deal was funded with a combination of existing cash and $165 million in borrowings from the company's credit facility. If you have not already heard, Tiffin was sold to THOR Industries for $300 million which was announced last Monday … Our personal thoughts on the sale of Tiffin to THOR.Blog: https://outsideourbubble.com/tiffin-sold-to-thor-industries-yup-it-happened In a move that may be greeted by some with disappointment, RV giant Thor Industries has bought out Tiffin Motorhomes. © 2021 Advance Local Media LLC. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. (RTTNews) - THOR Industries Inc. (THO) said that it has acquired Tiffin Motor Homes Inc. and related companies for $300 million. The company's EPS of $2.05 spiked 122.8% from the year-ago quarter and came ahead of analysts’ estimates of $1.56 per share. My opinion is not optimistic that Allegro and other Tiffin brands will continue to get the consumer satisfaction that it received from Bob Tiffin. Tiffin Motorhomes sold to THOR Industries. 20. The purchase absorbs one of the few remaining independent family-owned RV makers, run by the Tiffin family of Alabama whose luxury motorhomes are known for attention to detail and quality construction. Revenues jumped 17.5% to $2.54 billion jumped and beat the Street consensus of $2.37 billion. The official sign-off took place Friday, December 18. THOR Industries, Inc.THO recently announced the acquisition of Tiffin Motorhomes, Inc. and related companies, collectively referred as Tiffin Group, in a deal worth $300 million.
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