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Thor Industries Sells Ambulance Division for $12.5 Million

Specialty vehicle maker Thor Industries  (NYSE: THO  ) is selling substantially all of the assets of its ambulance division, SJC Industries, to privately held Wheeled Coach Industries, a subsidiary of Allied Specialty Vehicles, which is based in Orlando. Fla. 

According to a filing with the SEC, Wheeled Coach will pay SJC $12.5 million. 

"The sale provides the opportunity to streamline our bus operations and refocus these assets on our core business in a way that leaves our Goshen Coach operation better positioned to take advantage of future opportunities," Thor President and COO Bob Martin was quoted as saying in a Monday press release from the company.

Allied Specialty is the largest emergency response vehicle manufacturer in North America with more than $1 billion in annual revenues. It manufactures buses, ambulances, and fire-rescue vehicles.

Thor is the world's largest manufacturer of RVs and a major builder of buses and commercial vehicles.


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8/31/2016 4:02 PM
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