Navistar has sold its horse trailer manufacturing business, Bison Coach, to Thor Industries Inc. for about $16.7 million in cash the companies confirmed Monday.
“We are pleased to welcome Bison Coach to the Thor team,” Bob Martin, Thor president and CEO, said in a statement. “The addition of Bison adds depth in a new specialty market of equine trailers equipped with living quarters.
“We believe there are solid opportunities to leverage the design and distribution strengths of our core RV businesses to Bison’s existing products and markets, resulting in better growth in revenues and profitability. Bringing Thor’s strength in designing innovative living spaces in the RV business to Bison’s living quarters makes perfect sense and should help drive additional improvements in Bison’s products.”
Navistar sold its Monaco Coach and other recreational-vehicle assets to Allied Specialty Vehicles earlier this year.