Elkhart-based Heartland RV plans expansion projects, new jobs

By:  Webmaster

12th Feb, 15


EDITOR'S NOTE: Because of incorrect information provided to The Elkhart Truth, the original version of this story incorrectly reported that Heartland RV's sales for the first half of 2014 had not changed much from that same time period in 2009.
 
Elkhart-based Heartland RV has announced several expansion projects it says will create 85 new jobs.
 
The Thor Industries Inc. subsidiary will buy and renovate an existing office building, expand its travel trailer and toy hauler plants, renovate a plant and dedicate it solely to making destination trailers, and buy and renovate a building for a new 15-bay service center with customer lounge.

The Thor Industries Inc. subsidiary will buy and renovate an existing office building, expand its travel trailer and toy hauler plants, renovate a plant and dedicate it solely to making destination trailers, and buy and renovate a building for a new 15-bay service center with customer lounge.


The company will spend nearly $8 million on the projects, president Chris Hermon said in a statement.

"Heartland has made great strides in growing our sales and enhancing our market position to the point where we need to make an investment in infrastructure to support our future growth," Hermon said in the statement.

Heartland RV has doubled its sales over the past five years. The company sold 7,195 units in the United States from January through June, ranking fourth nationally in that market segment with 6.2 percent market share, according to Grand Rapids, Mich.-based Statistical Surveys Inc.

By comparison, over those same months in 2009, Heartland RV sold 3,532 units, with 4.9 percent market share.

It was unclear from the press release when construction will start on the new projects, or when hiring for the new jobs will begin. Officials with Heartland RV and Thor could not be reached for comment.

Thor bought the company from Greenwich, Conn.-based equity firm Catterton Partners for $200 million in cash and stock.