Jayco plans to acquire Open Range RV - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Jayco plans to acquire Open Range RV


Jayco Corporation says it has entered into a Letter of Intent to acquire Open Range RV.  According to a release, Shipshewana-based Open Range RV will operate as a wholly owned and separate subsidiary of Jayco.

"The two companies are a natural match." said Randy Graber, who will remain as Open Range RV's President.  "Culturally speaking, both Jayco and Open Range enjoy strong relationships with their dealer body recognizing the importance of maintaining a partnership style association."

According to the companies, Open Range RV has been growing in excess of 20% annually, and that management recognized it needed to partner with a larger organization to maintain and further increase growth.

Jayco, based in Middlebury, is the largest privately-held manufacturer of recreational vehicles.  The deal is subject to execution of a definitive agreement between the two companies.

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