Thor Announces Expansion Projects At Heartland

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ELKHART, Ind., Sept. 15, 2014 /PRNewswire/ -- Thor Industries, Inc. THO today announced several projects to expand production and office space at its Heartland subsidiary in Elkhart.  The projects include the purchase and renovation of an existing office building, expansion of a plant dedicated to production of lightweight travel trailers, expansion of a production facility to produce Toy Haulers, the renovation and dedication of a single facility to the production of destination trailers and the purchase and renovation of a building for a new service center.

"Heartland has made great strides in growing our sales and enhancing our market position to the point where we need to make an investment in infrastructure to support our future growth," commented Chris Hermon, Heartland President.  "In total, we are planning to invest nearly $8 million in new or renovated facilities to take better care of our dealer partners and retail consumers, at both the front end with enhanced production and the back end with superior service after the sale.  We are truly excited with this expansion program as it will allow us to not only meet the needs of dealers and consumers but also exceed their expectations."

Heartland's expansion program includes a new dedicated facility to build lightweight travel trailers with greater efficiency and even higher quality standards.  The Company also renovated another facility to house the production of its #1 selling toy hauler.  Heartland announced that it would begin producing destination trailers in a dedicated facility with year round production, illustrating its leadership in that unique market.  Finally, Heartland is improving its service capabilities with the addition of 15 service bays to meet the needs of retail customers, as well as a new service lounge to enhance the customer experience. 

With its focus on products that are growing fastest in the market, Heartland expects to increase overall production capacity by nearly 20%, while adding approximately 85 jobs in Elkhart.

About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent one of the world's largest manufacturers of recreational vehicles.

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 (the "Exchange Act"). 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 fluctuations, restrictive lending practices, recent management changes, the success of new product introductions, the pace of obtaining and producing at new production facilities, the pace of acquisitions, the integration of new acquisitions, the impact of the divestiture of the Company's bus businesses, asset impairment charges, cost structure changes, competition, general economic, market and political 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, 2013 and Part II, Item 1A of our quarterly report on Form 10-Q for the period ended April 30, 2014. 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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Posted In: Press Releases
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