THOR Industries, an American manufacturer of recreational vehicles, completed the acquisition of Airxcel RV Group from L Catterton-backed Airxcel, a holding company of quality brands, for $750m. "We are excited to welcome Airxcel to the THOR Industries family. Airxcel has been a long-time business partner to THOR and the RV industry, supplying some of the highest-quality products over decades to the RV industry. There were a number of factors that made this acquisition a compelling and timely fit for THOR, including the strength of their management team and dedicated workforce, the quality of their products and reputation for innovation, the long-standing relationships with both OEM and aftermarket customers and, in the face of so many supply chain challenges over the past year, the ability to invest in the growth of a key supplier for THOR and the RV industry both in North America and Europe," Bob Martin, THOR Industries President and CEO.