Alabama-based Tiffin Motorhomes has been sold to Indiana-based THOR Industries. The Tiffin family will continue to run daily operations at the company’s four locations – Red Bay and Winfield, Alabama and Belmont and Burnsville, Mississippi. Headquarters will remain in Red Bay, the company announced.
Who bought out Tiffin Motorhomes?
Alabama-based Tiffin Motorhomes which manufactures high-end recreational vehicles announced it is being bought by Indiana-based Thor Industries for $300 million. Bob Tiffin, CEO of Tiffin Motorhomes, and Bob Martin, President and CEO of Thor Industries talked about the acquisition in a video.
Is Tiffin Motorhomes still in business?
Will I still be able to have my Tiffin serviced through Tiffin Motorhomes? Yes, all Tiffin service operations will continue as they currently are. We will not be transferring our service operations to THOR Industries in any way. Class A service will still be handled in Red Bay, Alabama.
Did Tiffin Motorhomes get bought out?
In a move that may be greeted by some with disappointment, RV giant Thor Industries has bought out Tiffin Motorhomes. The selling price, $300 million, was coughed up by Thor through cash and a company draw-down of existing asset-based credit.
Did THOR Industries Buy Tiffin Motorhomes?
THOR Announces Acquisition Of Luxury RV Manufacturer Tiffin Motorhomes. … – Purchase includes Tiffin Motorhomes, Vanleigh RV and other associated operating entities. – The Tiffin Group generated approximately $800 million in revenue from the sale of RVs for the fiscal year ended February 28, 2020.
Which is better Newmar or tiffin?
Newmar is maybe a little better in initial quality, but Tiffin is a bit better at post purchase/warranty customer support. Tiffin needs their post purchase support.
Is Tiffin a good motorhome?
Yes, Tiffin motorhomes make good quality RVs. Tiffin Motorhomes, which has been in business for over 40 years, has earned recognition from buyers for the extreme reliability of its vehicles, as well as good technical support.
Why did Newmar sell to Winnebago?
“The acquisition of Newmar aligns with our strategy to strengthen and reenergize our motorized business by enhancing our position and capabilities in the motorhome market and building on the progress we have made driving growth and innovation across our offerings,” Winnebago CEO Michael Happe said in a news release.
What is the top of the line Tiffin motorhome?
Phaeton®: Consistently Tiffin’s best-selling model, the Phaeton is also one of the top-selling Class A motorhomes in the industry. The Phaeton provides more luxury and practicality at a greater value than any other diesel pusher on the road.
Does Winnebago own Tiffin?
The RV world was rocked just 18 months ago when Winnebago Industries purchased luxury RV manufacturer, Newmar. … THOR Industries, one of the “Big Three” in the RV industry along with the aforementioned Winnebago and Forest River, has purchased Tiffin Motorhomes for $300 million.
What RV brands does Thor own?
Thor Industries, Inc. is an American manufacturer of recreational vehicles (RVs). The company sells towable and motorized RVs through its subsidiaries brands including Airstream, Heartland RV, Jayco, Livin Lite RV, and others. The company’s headquarters is in Elkhart, Indiana.
What RV companies does Thor own?
The company owns many well-known RV brands, including Airstream, CrossRoads, Cruiser RV, Dutchmen, Jayco, Starcraft, and Thor Motor Coach. In June 2016, Thor acquired Jayco, which included the Jayco, Starcraft, Highland Ridge, and Entegra Coach brands.
When did Thor buy out Tiffin?
In December 2020, THOR acquired the Tiffin Group, a premium manufacturer of luxury recreational vehicles known for its excellent product quality, outstanding customer service and brand loyalty.
What did Thor pay for Tiffin Motorhomes?
Thor Industries CEO Bob Martin on Monday told CNBC that the company is looking to develop new products and expand its business after purchasing Tiffin Motorhomes in a $300 million deal.
What does a Tiffin motorhome cost?
$421,470USD MSRP – CALL FOR BEST PRICE.
Who owns Winnebago motorhomes?
|Key people||Michael Happe (CEO)|
|Revenue||US$2.4 billion (2020)|
|Operating income||US$113.8 million (2020)|