Thor Industries, the world’s largest RV manufacturer, is expanding its operations by purchasing the production facilities in Wakarusa, Indiana, where Navistar built motorhomes.
The 150-acre property is currently occupied by Allied Specialty Vehicles, which bought Navistar’s RV business, including the Monaco and Holiday Rambler brands, in May. Allied Specialty is selling the property because it is shifting all motorhome production to Decatur, Indiana, where it builds Fleetwood motorhomes. Thor will take over the property this summer.
Thor will use the facilities, which include nearly one million square feet of production space, to increase the manufacturing capacity of Thor Motor Coach. The property includes 35 paint booths, which will be used by Thor’s Keystone RV subsidiary.
Meanwhile, Thor Industries also announced that Bob Martin, president and chief operating officer, has been given the added title of chief executive officer, succeeding Peter B. Orthwein, who will remain as executive chairman of the Board of Directors.
Martin, 43, is a former president of Keystone RV. Thor, which manufactures both RVs and commercial buses, had $2.67 billion in sales in the nine months ending April 30, a 21 percent increase over the same period a year ago. Net income reached $94.6 million, a 22 percent increase.