NEWS RELEASES
Editor's Note: This news item was retrieved and first published through PR Newswire's website.
THOR Industries, Inc. announced the formation of Hymer USA, a new subsidiary focused on producing and marketing recreational vehicles utilizing European manufacturing practices, automation and control standards. Hymer USA will be based in Bristol, Indiana, with initial product availability expected in the fourth quarter of calendar year 2020. Erwin Hymer Group is a long-standing leader in the European RV market and one of the largest RV manufacturers in Europe.
The announcement follows THOR's 2019 acquisition of Europe's Erwin Hymer Group (EHG), which created the world's largest RV manufacturer, holding leading positions on both continents. Initial phases of the EHG acquisition integration have been completed with the oversight of Troy James, THOR Industries Senior Vice President. James, one of THOR's most experienced company leaders, who has spent considerable time in Europe over the past year engaging with the EHG leadership team, will take on the additional responsibility of overseeing Hymer USA. The Company will utilize an existing, newly renovated, company-owned facility with the expectation of investing approximately $8 to $10 million in additional capital expenditures during 2020- primarily for machinery and equipment to build out the facility for Hymer USA.
To read more on Hymer USA, click here.