Elkhart-based Thor Industries is acquiring the assets of recreational-vehicle maker Livin' Lite Recreational Vehicles.
"We are pleased to welcome Livin' Lite to the Thor family of RV brands. Adding such a creative RV maker to Thor's strong stable of brands will enable us to expand our industry-leading position in new product development into camping trailers and truck campers," said Bob Martin, Thor president and CEO, in an announcement of the deal Tuesday.
The purchase is expected to be completed by Friday. Thor expects to add Livin' Lite's 35 models to its dealer network immediately.
"We see many opportunities for expanding Livin' Lite's market presence through the Thor dealer network, and the ability to leverage their lightweight aluminum and composite construction technology in other Thor products," Martin continued.
Founded by former Heartland executive Scott Tuttle, Wakarusa-based Livin' Lite is known for the advanced lightweight aluminum construction it has 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. It recently was named to Inc. magazine's list of fastest-growing companies for the third consecutive year.
Livin' Lite is expected to generate sales of about $24 million for this year. It is expected to continue to operate from its existing Wakarusa facilities with minimal disruption to its business.