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You are here: Home / Community / Business News / Elkhart-based Thor Industries buys aftermarket RV parts supplier AirX Intermediate Inc.

Elkhart-based Thor Industries buys aftermarket RV parts supplier AirX Intermediate Inc.

September 15, 2021 – By Larry Avila

THOR Industries Inc Logo

Elkhart-based RV manufacturer Thor Industries has purchased Wichita, Kansas-based AirX Intermediate Inc. for an estimated $750 million.  

The deal was expected to close Sept. 1. AirX manufactures a line of RV products which it sells to original equipment manufacturers as well as consumers via aftermarket sales through dealers and retailers. 

AirX generated annual revenues of approximately $680 million, according to Thor Industries estimates. Approximately 80% of AirX’s revenues are from OEM sales with the remaining 20% from aftermarket sales.

Thor Industries said its purchase of AirX fits with its long-term strategic growth plans and strengthen the RV supply chain. Some of AirX’s brands includes, Coleman-Mach rooftop air conditioners, heat pumps, thermostats and accessories; Suburban furnaces, water heaters and cooking appliances; MAXXAIR ventilation solutions; Aqua-Hot hydronic heating systems; Dicor roofing products, sealants, coatings, wheels and more; Vixen Composites fiberglass reinforced plastic and custom composite panels; CAN Italian cooking appliances, sinks and accessories; Cleer Vision windows and tempered glass; MCD roller shades; and United Shade window shades.

AirX launched in 1991 as a divesture of the Coleman RV Air Conditioner division. The company has grown through product development, market expansion and strategic acquisitions.  

Author

  • Larry Avila Larry Avila

    Larry is an award-winning journalist with more than 25 years of experience working with daily newspapers and business-to-business publications around the Midwest. Avila is a Michigan native and a graduate of Central Michigan University.

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Filed Under: Business News, Manufacturing Tagged With: Around Michiana, business acquisition, Thor Industries, AirX Intermediate Inc.

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Larry Avila Larry Avila

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