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New Deal


Announced

Completed

THOR Industries completed the acquisition of Tiffin Motor Homes for $300m.

Financials

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Transaction Value£221m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

United States

Private

Domestic

Acquisition

coaches

Automobiles

Friendly

Completed

Synopsis

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THOR Industries, an American manufacturer of recreational vehicles, completed the acquisition of Tiffin Motor Homes, a manufacturer of luxury recreational vehicles, for $300m. "The Tiffin brand is synonymous with quality and customer satisfaction in our industry. For many decades, Tiffin has set the standard for the luxury class A market. Its strong presence in the luxury class A segment makes it very complimentary to THOR's current North American portfolio," Bob Martin, THOR President and CEO.

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