Thor Purchases Bus Assets Of Krystal Infinity
Thor Industries (NYSE: THO) announced today that its Eldorado National Kansas subsidiary purchased the bus operation assets of Krystal Infinity, LLC, dba, Krystal Enterprises ("Krystal") for $3.9 million in cash. Eldorado plans to move the assets to its bus facility in Salina, Kansas and produce the Krystal buses there. Krystal manufactures luxury buses and its sales are estimated to be in excess of $30 million per year.
"The addition of the Krystal bus line provides an upscale, high-end retail unit that complements our Kansas facility's Aerolite, Aerotech and Aero Elite core products as well as its competitively-priced, low cost Advantage product line," said Andrew Imanse, Thor Bus Group President.
Thor is the world's largest manufacturer of recreation vehicles and a major builder of commercial buses.
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, fuel prices, lower consumer confidence and the level of discretionary consumer spending, interest rate increases, restrictive lending practices, increased material and component costs, 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. 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.