M&A Deal Summary

THOR Industries Acquires Elkboard

On December 7, 2021, THOR Industries acquired chemicals company Elkboard

Acquisition Highlights
  • This is THOR Industries’ 1st transaction in the Chemicals sector.
  • This is THOR Industries’ 16th transaction in the United States.
  • This is THOR Industries’ 13th transaction in Indiana.

M&A Deal Summary
Date 2021-12-07
Target Elkboard
Sector Chemicals
Buyer(s) THOR Industries
Deal Type Add-on Acquisition

Target

Elkboard

Elkhart, Indiana, United States
Elkboard is engaged in the development and sale of a proprietary sustainable foamed polypropylene-based composite material. Elkboard is used in the RV industry for sidewalls, helping to alleviate the industry's dependence on traditional lauan-based sidewalls. Elkboard is based in Elkhart, Indiana.

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Buyer(S) 1

Buyer

THOR Industries

Elkhart, Indiana, United States
Category Company
Founded 1980
Sector Automotive
Employees24,900
Revenue 11.1B USD (2023)
DESCRIPTION
Thor Industries' corporate headquarters in Elkhart, Indiana.
Thor Industries' corporate headquarters in Elkhart, Indiana.

THOR Industries manufactures a wide range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. THOR Industries was founded in 1980 and is based in Elkhart, Indiana.

DEAL STATS #
Overall 17 of 17
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 16 of 16
State (Indiana) 13 of 13
Country (United States) 16 of 16
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Airxcel

Wichita, Kansas, United States

Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 Bison

Milford, Indiana, United States

Bison is a designer and manufacturer of specialty aluminum and steel horse trailers sold throughout the United States and Canada. It specializes in both living quarter and non-living quarter trailers including goosenecks and bumper pull products. Bison was formed in 1984 and is based in Milford, Indiana.

Sell -
Mergr

Product

Company

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