Thor Drops North America Operations from Erwin Hymer Deal — Future of Roadtrek Unclear

Thor Drops North America Operations from Erwin Hymer Deal — Future of Roadtrek Unclear

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by Jason Epperson

Thor Industries announced early Monday morning that it is in the process of renegotiating a deal to acquire the international RV manufacturer Erwin Hymer Group (EHG), dropping the Erwin Hymer North America subsidiary from the deal. Erwin Hymer North America Manufactures the Hymer and Roadtrek nameplates, amongst others.

The news comes after a shocking-yet-unconfirmed report that the top three executives in the North America division conspired to embezzle upword of $100 million by falsifying orders.

The news could spell disaster from the Class B flagship Roadtrek nameplate, as Erwin Hymer North America may become a company without the massive global parent to save it from itself. It’s still a prized asset, so in theory, it may be spun off to another buyer or in a bankruptcy liquidation.

The combination of Thor and EHG will create the world’s largest RV manufacturer. Thor noted that it has received all requisite regulatory approvals, and expects that its purchase of EHG will be completed within the company’s third quarter.

The European Erwin Hymer Group purchased Roadtrek — a brand largely responsible for the existence of the booming Class B RV market in the U.S. — in 2016 as a strategic acquisition to allow the company to enter the North American market, bringing over the Hymer nameplate with it. The existing Roadtrek management team was kept onboard to manage the newly created Erwin Hymer North America, some of whom, including CEO Jim Hammill, are implicated in the embezzlement allegations.

In recent days, around 100 of the 1000 employees at the production facility in Kitchener, ON (Canada) have been laid off, and are reporting that operations have nearly ceased.



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Comments
  • Joel#1

    January 29, 2019

    Own a CS Roadtrek. Can no longer get warranty work done , dealership told me they are not getting paid.
    Buy anything but a Roadtrek!!!!!!

    Reply
    • marie petralia#2

      February 21, 2019

      I understand your frustration Joel..but it was Erwin Hymer that did this not Roadtrek……Roadtrek was a victim of greed…the truth about what really happened to roadtrek will come out…

      Reply
  • John Hancock#3

    February 17, 2019

    I would have thought Thor would pay EXTRA for executives they wouldn’t have to TRAIN to be crooks! Hummmm

    Reply
  • marie#4

    February 21, 2019

    John…from what i read they couldn’t afford to , besides… between them and their new FAMILY they have plenty of crooks

    Reply
  • Wayne J#5

    February 26, 2019

    I can no longer get warranty work done on my Carado rv. I’m surprised the regulatory authorities allowed the purchase without EHGNA, leaving so many n American customers without warranty protection. I guess we can make claims in the bankruptcy court but I don’t know of any organization to represent our claims.

    Reply
  • Rob#6

    February 28, 2019

    We just purchased a brand new 2018 Roadtrek CS in the beginning of January 2019. It had to go back to the dealer within 2 weeks. One problem, the freeze valve for the water system malfunctioned…when you turned on the water pump all the water would go on the ground. We had a list of problems and after 20 days in the shop, Miller Rv in Baton Rouge LA, return the RV back to us with only a couple things fixed. They said they were still waiting on the warranty approval for the rest of the items, including a window that is sticking out that allows water to get in when washing that soaked the interior. Then last week the owner calls me to say we no longer have a warranty, Roadtrek was looking for someone to purchase them but did not reveal all the scandals that I found online.
    The company was still in existence when it was in the shop and returned to us, without all the repairs done. We dont know when the dealership knew about this but it sure is suspiciously bad timing! I have emails from the salesman telling me they were waiting on Roadtrek warranty when it was in the shop and that Roadtrek was closed for inventory and then snow days, was it really? Was this something Roadtrek was telling them? I feel bad for us and for the workers and suppliers that got taken. I hope someone steps in and takes care of everyone. Reading other articles they are saying the company made up VIN numbers, saying they made RVs, and they really did not, they were cooking the books and stealing the money! Time will tell. I hope something happens sooner than later as our RV needs repairs and the owner of Miller RV is telling me we cant get parts now either, as they come from Roadtrek! I could not find the water freeze valve online nor the Alde heating system parts, so he must be corect. Best of luck to everyone!

    Reply

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