Tuesday, September 18, 2018
THOR INDUSTRIES TO ACQUIRE ERWIN HYMER GROUP WHICH INCLUDES ROADTREK
Thor To Acquire Erwin Hymer Group - Quick Facts
Thor expects the transaction to be accretive to earnings in the first year, before taking into account anticipated synergies, purchase accounting adjustments and transaction-related expenses. Subsequent to closing, Thor intends to repurchase shares both opportunistically and systematically in order to offset the issuance of shares to the Hymer family.
Headquartered in Bad Waldsee, Germany, Erwin Hymer Group is one of the premier manufacturers of recreational vehicles in the European market. Martin Brandt will continue to lead the Erwin Hymer Group business post-closing as its CEO.
by RTTNews Staff Writer