Thor Industries acquires another Elkhart RV maker - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Thor Industries acquires another Elkhart RV maker


Elkhart-based RV manufacturer Thor Industries is buying another area company.  Thor announced Thursday that they would be acquiring K-Z, Inc. on May 1.

"We are pleased to welcome K-Z to the Thor family.  With a strong focus on value, service and quality, K-Z brings an exceptional way of doing business that really stands apart in the RV industry," said Bob Martin, Thor President and Chief Executive Officer.

Thor will pay roughly $53.4 million for the travel trailer, fifth wheel, and toy hauler manufacturer.

"Becoming a part of Thor allows us to continue to operate K-Z with the core values and relationships that have made us successful since our founding," said Daryl Zook, founder and Chief Executive Officer of K-Z.

According to Jeffrey Tryka, Thor's Director of Corporate Development and Investor Relations, K-Z will be allowed to manage itself independently under Thor's ownership, and do not expect any staffing changes as a result of the purchase.

"We are treating them like any of our other subsidiaries," Tryka said, "We are hoping for a very smooth transition and very little in the way of changes."

K-Z, Inc. currently employs about 320 employees.
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