Forest River And Thor Announce New Community Foundation To Benefit Employees And Families

ELKHART, Ind., Nov. 4, 2014 /PRNewswire/ -- Forest River Inc., a Berkshire Hathaway Company, and Thor Industries, Inc. THO today announced the establishment of a Community Foundation to be funded jointly and to benefit employees and their families during times of need.

The Forest River/Thor Community Foundation will be jointly funded by the two companies and will provide grants of up to $20,000 per qualifying employees or families to help cover unforeseen, emergency financial need due to a family crisis, acute illness, natural disaster, fire or other hardship.  Eligible employees who would like more information about the program may contact their human resources representative or view materials on the Thor Industries, Inc. or Forest River Inc. websites.

"We have a lot of dedicated, hardworking employees that we depend upon daily in our operations, and this is a way for them to receive that bit of help, when they have an unexpected need," according to Forest River President and CEO Peter Liegl.  "Both of our Companies would not be able to achieve the accomplishments we have without these employees and their families, so we want to help them where we can and when we can."

"As leaders in the industry and in our community, Thor and Forest River value our employees, and we understand that emergency situations can cause financial hardships within families.  The Community Foundation is an opportunity for us to give back to the people who make our companies strong by helping them when unforeseen circumstances create unanticipated expenses that can be crippling to a family," commented Bob Martin, Thor President and CEO.  "We recognize that our employees are the key to our success, which is why we hope to make this new Community Foundation an important benefit to them and another step in achieving our goal of making Thor a place where talented people want to work."

About Forest River, Inc.
Operating multiple manufacturing facilities throughout the Midwest and West Coast, Forest River, Inc. is one of America's leading manufacturers of recreational vehicles, pontoon boats, cargo trailers and buses.

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 the U.S. Private Securities Litigation Reform Act of 1995, 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 are made based on management's current expectations and beliefs regarding future and anticipated developments and their effects upon Thor Industries, Inc., and inherently involve uncertainties and risks. These forward looking statements are not a guarantee of future performance. 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, the availability of delivery personnel, 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, 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.; Forest River Inc.