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Old 07-07-2016, 11:03 AM   #121
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Say It ain't so!

I saw something on one of the forums yesterday that Jayco sold out to Thor for $500+++million$$$
Hope it was a late April fools joke
Not good for future Jayco owners and current owners that have warranty and parts needs,,

Sounds like the RV industry is going to be just a few brands pretty soon
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Old 07-07-2016, 11:08 AM   #122
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Sadly, its true! I think the number I heard was Thor now owns about 83% of the RV manufacturing market. To me that sounds a lot like a monopoly.
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Old 07-07-2016, 11:55 AM   #123
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Thor acquires Jayco in $576 million deal | Business | southbendtribune.com
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Old 07-07-2016, 12:57 PM   #124
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Wow its all about the money. Thor aren't they a reputable company
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Old 07-07-2016, 01:07 PM   #125
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Sadly, its true! I think the number I heard was Thor now owns about 83% of the RV manufacturing market. To me that sounds a lot like a monopoly.
Thor and Berkshire Hathaway (Buffet) own 83%.
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Old 07-07-2016, 01:28 PM   #126
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On the flip side Thor's MO is to leave existing management in place and not get too involved on how things are done at their acquisitions. Thor owns AirStream so that says something. Time will tell though.
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Old 07-07-2016, 01:47 PM   #127
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Yikes. That is scary.
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Old 07-07-2016, 01:59 PM   #128
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Yikes. That is scary.
Not really.

It would be scary if a hedge fund or similar investment outfit bought them and carved them up. Thor is a large operating entity in the industry and will want the line to remain competitive to generate revenue (return on shareholder investment).
Having been through a few corporate mergers over the years, I would say that the recent apparent increase in quality issues at Jayco "may" have been directly related to the sale. Many companies that want to find a buyer concentrate heavily on the bottom line to make the company value look good and maximize price. Once the sale is made, quality often returns to normal.
Thor has some innovative ways of incenting employees for reducing defects; this plan might play very well at Jayco (employee bonuses are negatively affected by defect rates).
Over time some model lines across Thor will probably come and go and merge. We saw this kind of rationalization within Jayco over time (common StarCraft/Jayco models, changes to the Feather/Ultralight lines, etc); that will no doubt continue under Thor. I'm not gonna lose sleep over it. And if it does become an issue, I'll just buy my next trailer from Warren Buffet, or find a decent independent (the "other" 17%).
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Old 07-07-2016, 02:02 PM   #129
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Thor and Berkshire Hathaway (Buffet) own 83%.
Yep..Forest River is a Berkshire Hathaway Co.
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Old 07-07-2016, 02:10 PM   #130
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Thor owns AirStream so that says something.
And Keystone.
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