From the Wires
Thor To Move Corporate Headquarters To Heart Of RV Community
By: PR Newswire
Jan. 9, 2013 04:15 PM
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 spring.
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 by law.
SOURCE Thor Industries, Inc.
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