December 21, 2020

Thor Industries Acquires Tiffin Motorhomes In $300M Deal

Provided by Thor Industries Inc.

Provided by Thor Industries Inc.

RED BAY, Ala. (AP) — Indiana-based Thor Industries Inc. said Monday it had bought family-owned Tiffin Motorhomes, the Alabama-based manufacturer of high-end recreational vehicles, in a deal worth $300 million.

Thor, which is publicly traded and describes its combined holdings as the world's largest maker of RVs, said the Tiffin Group would operate as a stand-alone division of the corporation, and the Tiffin family will continue to run it.

Based in the northwest Alabama town of Red Bay, Tiffin Motorhomes reported $800 million in RV sales in fiscal 2020, about 90 percent of which were motorized RVs and 10 percent were towable campers.

With plants in Alabama and Mississippi, Tiffin produces bus-sized motorhomes the Allegro Breeze, Allegro Red 340, Allegro Red, Open Road Allegro, Phaeton, Allegro Bus and Zephyr models. The company also makes a smaller RV line, the Wayfarer, and fifth-wheel campers.

Thor's corporate office is located in Elkhart, but its owns multiple manufacturers in Indiana and Ohio.

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