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Old 08-30-2018, 12:45 PM   #1
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Default Bloomberg reports Thor bid on Hymer

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Bloomberg reports Thor, Centerbridge Partners bid on Hymer

Game changer ?

Bloomberg reports Thor, Centerbridge Partners bid on Hymer GmbH | RV Daily Report


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Old 08-30-2018, 01:01 PM   #2
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Swell.

They did such a fine job with Airstream.
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Old 08-30-2018, 01:02 PM   #3
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maybe-but which way?. Thor has multiple divisions of multiple brands and airstream which makes a B
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Old 08-30-2018, 01:13 PM   #4
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Gee whiz, maybe they can straighten out Hymer as well as Hymer has straightened out Roadtrek!
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Old 08-30-2018, 01:23 PM   #5
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That should take damn near the whole B market totally into the toilet... Thor's quality control is as bad, if not worse than RT. And the thing that killed RT quality control was the investment company that took over in 2011. So it will only get worse whichever choice.
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Old 08-30-2018, 01:28 PM   #6
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Quote:
Originally Posted by mumkin View Post
That should take damn near the whole B market totally into the toilet... Thor's quality control is as bad, if not worse than RT.
I'm going with "worse" -- especially adjusted for price. I haven't owned our Interstate in four years now, and I STILL get annoyed thinking about the disgraceful initial build quality. What they did to the Airstream brand is just sad.
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Old 08-30-2018, 01:35 PM   #7
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I searched google for this subject.

It appears Hymer has put itself up for sale 'worldwide'.

Thor is bidding for the whole Hymer company everywhere.
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Old 08-30-2018, 02:57 PM   #8
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It sounds like the family wants to cash out. You have to figure that the whole getting into the US market has taken a huge amount of cash, and maybe credit, to get this far. They probably figure that the amount they can get is about as high as it will get, so time to grab it and run.


You never know, maybe the US operations are on the verge of failing, which could be really expensive. Being private, nobody knows how leveraged they are at this point.
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Old 08-30-2018, 04:03 PM   #9
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They never did anything with the light-weight trailers, maybe they were running out of money and maybe they realized that fighting the likes of Thor and WGO for marketshare would be a long slow battle. Doesn't sound good.
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Old 08-30-2018, 07:33 PM   #10
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Whether Thor succeeds or not and Hymer sells to european or does levereged buyout as far as I know the only Hymer stuff in North america is the Class B.

Either way that division will probably wind up in an American companies hands.
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