Thor Acquires Livin' Lite

(RTTNews) - Thor Industries, Inc. (THO) said Tuesday that it acquired the assets of innovative recreational vehicle maker Livin' Lite through a wholly-owned subsidiary.

The purchase is subject to customary closing conditions and is expected to be completed by August 30.

Founded by former Heartland executive Scott Tuttle, Wakarusa, Indiana-based Livin' Lite is known for its advanced lightweight aluminum construction applied to a variety of smaller RVs, including travel trailers, toy haulers, camping trailers and truck campers. Livin' Lite also markets its products in partnership with a number of leading consumer brands including Jeep. Livin' Lite is expected to generate sales of about $24 million for calendar year 2013.

Thor expects to offer Livin' Lite's current 35 models to its current dealer network upon closing of the transaction. The company expects Livin' Lite will continue to operate out of its existing Wakarusa facilities with minimal disruption to its current business resulting from the acquisition.