Thor To Move Corporate Headquarters To Heart Of RV Community
JACKSON CENTER, Ohio, Jan. 9, 2013
JACKSON CENTER, Ohio, Jan.9, 2013 /PRNewswire/ --Thor Industries, Inc.
(NYSE: THO) today announced that it will move its corporate headquarters to
Elkhart, Indiana from its current location in Jackson Center, Ohio. The
Company expects to complete the move in the spring of 2013.
"Given our commitment to the RV industry, we want to be more accessible and
active in the community where a large majority of RVs are produced and where
more than 70% of our operations are located," said Peter B. Orthwein, Thor
Chairman and Chief Executive Officer. "With so many of Thor's operations
located in Elkhart and neighboring LaGrange counties, it makes sense to have
our corporate management and support services as close to as many of our
operating subsidiaries as possible," he added.
As part of the move, Thor's corporate human resources, finance and accounting,
legal and information technology departments, which have been located in
Elkhart over the past few years, will move to the Company's new corporate
office located on Beardsley Avenue along the St. Joseph River in downtown
Elkhart. The new facility is scheduled to be completed and in operation this
Bob Martin, Thor President and Chief Operating Officer, added, "I am very
pleased that we will have our corporate headquarters in the community that my
family and I, and so many members of our team, call home. This new location
will not only bring Thor closer to many of our subsidiaries, but we will also
be closer to most of our suppliers. When we think about how important
relationships are to our business, it's clear that Elkhart is the right place
for us to be."
Elkhart's Mayor Dick Moore added, "The Thor family of companies represent the
nation's largest manufacturer of RVs and a major producer of buses and
ambulances, and we're delighted to have them in Elkhart. Their presence in
the downtown area will bring more investors and corporate activity to our
economy, which is great for everyone."
Thor is the sole owner of operating subsidiaries that, combined, represent the
world's largest manufacturer of recreational vehicles and is a major builder
of commercial buses and ambulances.
This release includes certain statements that are "forward looking" statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. These
forward looking statements involve uncertainties and risks. There can be no
assurance that actual results will not differ from our expectations. Factors
which could cause materially different results include, among others, price
fluctuations, material or chassis supply restrictions, legislative and
regulatory developments, the costs of compliance with increased governmental
regulation, legal issues, the potential impact of increased tax burdens on our
dealers and retail consumers, lower consumer confidence and the level of
discretionary consumer spending, interest rate increases, restrictive lending
practices, recent management changes, the success of new product
introductions, the pace of acquisitions, cost structure improvements,
competition and general economic conditions and the other risks and
uncertainties discussed more fully in Item 1A of our Annual Report on Form
10-K for the year ended July 31, 2012 and Part II, Item 1A of our Quarterly
Report on Form 10-Q for the period ended October 31, 2012. We disclaim any
obligation or undertaking to disseminate any updates or revisions to any
forward looking statements contained in this release or to reflect any change
in our expectations after the date of this release or any change in events,
conditions or circumstances on which any statement is based except as required
SOURCE Thor Industries, Inc.
Contact: Peter B. Orthwein or Jeffery A. Tryka, CFA, +1-574-970-7912
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