History

<h1>History</h1>

Wade Thompson and Peter Orthwein founded Thor Industries in 1980 with the purchase of Airstream, an already iconic brand. Since going public in 1984, Thor has grown both organically and through strategic acquisitions in both recreational vehicles (RVs) and buses. Today, Thor is the sole owner of operating subsidiaries that represent some of the world’s largest RV manufacturers.

Over the years Thor has received many honors for its growth and management success and has become one of the most admired and respected companies, not only in the RV industry, but in American business:

  • 1980

    Founding

    Thor Industries Inc. was founded on August 29, 1980 when Wade F.B. Thompson and Peter B. Orthwein acquired Airstream, the most recognized name in the industry. Despite its venerable image, Airstream had not fared well during the economic downturn of the late 1970s. By focusing on improving quality while reducing costs, Airstream returned to profitability in its very first year under the new Thor management.

  • 1982

    General Coach

    Thor was strong enough to purchase the Canadian company General Coach, a manufacturer of travel trailers and fifth wheels.

  • 1984

    Publicly traded company

    Thor became a public company listed on the over-the-counter market. In 1986, Thor was listed on the New York Stock Exchange. That same year, Forbes Magazine ranked Thor sixth out of the "200 best small companies in America."

  • 1988

    Small and mid-size bus industry

    Thor entered the small and mid-size bus industry with the acquisition of ElDorado Bus. In 1991, National Coach was purchased and the two companies operated under the ElDorado National trademark, with plants in California and Kansas.

  • 1991

    Dutchmen Manufacturing

    Thor acquired Dutchmen Manufacturing, now one of the leading brands of travel trailers and fifth wheels.

  • 1992

    Four Winds International

    Four Winds International, a manufacturer of Class A and Class C motorhomes, was acquired in 1992.

  • 1995

    Komfort Corporation

    Komfort Corporation, a builder of travel trailers and fifth wheels, became part of the growing Thor family in 1995.

  • 1996

    Thor California

    Thor California was a start-up in 1996, which became one of the most successful RV start-ups.

  • 1998

    Champion Bus

    Thor solidified its leadership in the bus industry with the acquisition of Champion Bus.

  • 2001

    Keystone RV

    When Thor acquired Keystone RV in 2001, the company achieved an unprecedented dominance within the RV industry.

  • 2003

    Damon and Breckenridge

    Thor acquired Damon, a manufacturer of Class A motorhomes, raising its profile in the growing motorized RV market. In that same year, Thor acquired Breckenridge, builder of park trailers.

  • 2004

    Crossroads RV

    With the addition of Crossroads RV in 2004, Thor solidified its industry leading position in towable RVs.

  • 2005

    Goshen Coach

    Thor acquired Goshen Coach to round out its holdings in the small and mid-size bus industry.

  • 2010

    Heartland RV Company

    In September 2010, Thor made its largest acquisition to date when it purchased Heartland RV Company, further cementing its companies’ combined position as the world's largest producer of towable RVs.

  • 2010

    SJC Industries, Inc.

    In March 2010, Thor acquired SJC Industries, Inc., the second largest ambulance manufacturer in the United States.

  • 2012

    Krystal Infinity and Federal Coach

    Thor made two strategic acquisitions in the luxury bus market when it acquired Krystal Infinity, LLC in September, and the bus operation assets of Federal Coach in December. Both purchases have enabled Thor to expand its bus business into the luxury coach market.

  • 2013

    Bison Coach

    Thor acquired the net assets of specialty trailer manufacturer Bison Coach through a wholly owned subsidiary. Founded in 1984, Milford, Indiana-based Bison is known for its rugged, high-quality and affordable specialty trailers. In 2003, Bison began adding living quarter conversions to their production process resulting in the development of a complete line of equine trailers with living quarters.

  • 2013

    Exiting the bus business

    Thor exited the bus industry when it sold its bus business to Allied Specialty Vehicles. Thor's bus business included Champion Bus, Inc.; General Coach America, Inc.; Goshen Coach, Inc.; ElDorado National (California), Inc.; and ElDorado National (Kansas), Inc.; which combined represent one of the largest producers of transit and shuttle buses in North America with bus segment sales of approximately $450 million for the fiscal year ended July 31, 2013.

  • 2013

    Livin' Lite

    Thor acquired the assets of innovative RV maker Livin' Lite through a wholly owned subsidiary. Livin' Lite is known for its advanced lightweight aluminum construction applied to a variety of smaller RVs, including travel trailers, toy haulers, camping trailers and truck campers.

  • 2013

    Wakarusa RV production campus

    Thor's subsidiary, Thor Wakarusa, LLC, purchased the RV production campus in Wakarusa, Indiana that was formerly operated by Navistar International Corporation. The facilities are comprised of nearly one million square feet of total production space located on more than 150 acres. In addition to the production space, the complex includes more than 35 paint booths designed specifically for painting RVs. The campus was purchased to support the ongoing growth of Thor's businesses.

  • 2014

    K-Z, Inc.

    Thor acquired K-Z, Inc. a leading manufacturer and marketer of towable recreational vehicles that offers unmatched quality and value to consumers in North America. K-Z markets a comprehensive product line, which includes travel trailers, fifth wheels and toy haulers.

  • 2015

    Cruiser RV and DRV Luxury Suites

    In January 2015, Thor announced that its Heartland subsidiary acquired towable RV maker Cruiser RV (CRV) and luxury fifth wheel maker DRV Luxury Suites, both based in Howe, Indiana.

  • 2015

    Postle Aluminum Co.

    Thor acquired Elkhart, Indiana-based Postle Aluminum Co. Founded in 1974, Postle produces extruded aluminum and specialized components for the RV industry and other industries, with a commitment to each customer in providing the highest-quality products and exceptional service.

  • 2016

    Jayco, Corp.

    In June 2016, Thor acquired Jayco, which includes strong subsidiaries such as Jayco, Starcraft RV, Highland Ridge and Entegra Coach, including brands like Jay Flight, the number-one selling travel trailer for the past 14 years. Jayco is based in Northern Indiana, with additional facilities in Idaho.

  • 2019

    Erwin Hymer Group

    Thor Industries, Inc. has completed its acquisition of Erwin Hymer Group (EHG), one of Europe's largest makers of recreational vehicles (RVs). The acquisition is consistent with Thor's long-term strategic growth plan, and the combination of Thor and EHG creates the world's largest RV manufacturer, with leading positions in both North America and Europe.