THOR PURCHASES FEDERAL COACH ASSETS
Published on 24.01.2013
Thor Industries Inc. announced its Champion Bus Inc. subsidiary purchased the bus operation assets of Federal Coach for $6.8 million in cash. Champion plans to move the assets and begin production of Federal Coach buses at its Imlay City, Mich. production facility in early calendar 2013.
The addition of the Federal Coach line offers Thor’s Bus Group both potential operating synergies and access to important markets within the industry. The purchase of the Federal Coach assets, like the purchase of the assets of Krystal Infinity LLC, dba, Krystal Enterprises in September 2012, brings an upscale, high-end retail product that complements the company’s existing product lines, including Champion’s Defender, Crusader and Challenger bus lines.
Federal Coach produces a full-line of shuttle, executive and limousine buses ranging in capacity from 12 to 44 passengers, with annual sales of approximately $25 million.
