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Jayco RV to Acquire Tow-able RV Maker Open Range RV #16735
02/24/14 08:03 PM
02/24/14 08:03 PM
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Milroy, PA
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Milroy, PA
Quote:
Jayco Corp. announced today (Feb. 24) that it has entered into a Letter of Intent (LOI) to acquire Shipshewana, Ind.-based Open Range RV Co.
According to a press release, the letter of intent “contemplates a transaction between the two companies and is subject to the execution of a definitive agreement between the two parties.”
Open Range RV will operate as a wholly owned and separate subsidiary while Randy Graber will remain as president. “The two companies are a natural match,” said Graber. “Culturally speaking, both Jayco and Open Range enjoy strong relationships with their dealer body, recognizing the importance of maintaining a partnership style association.”
With growth in excess of 20% annually, the management of Open Range recognized in order to maintain and further increase that type of growth, it was necessary to partner with a larger organization. “I am extremely excited to be able to take Open Range to the next level. It’s a dream come true.” said Graber.
Derald Bontrager, president and CEO of Middlebury-based Jayco, noted, “Open Range will be a perfect addition to the Jayco family. We are thrilled to partner with someone like Randy Graber who has such vast industry experience and innovative product knowledge.”


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Re: Jayco RV to Acquire Tow-able RV Maker Open Range RV [Re: Lerch RV] #16744
02/26/14 12:35 AM
02/26/14 12:35 AM
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Posts: 181
Everett, PA
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pyromug Offline
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Everett, PA
Hmmm...is this a good thing? Always was struck by the innovation of OR...hope being part of a bigger company they don't lose that...

Re: Jayco RV to Acquire Tow-able RV Maker Open Range RV [Re: pyromug] #16745
02/26/14 01:31 AM
02/26/14 01:31 AM
Joined: Aug 2010
Posts: 1,796
Oley, Berks County, Pa
mikhen Offline
Spend More Time Camping than Working
mikhen  Offline
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Joined: Aug 2010
Posts: 1,796
Oley, Berks County, Pa
Originally Posted By: pyromug
Hmmm...is this a good thing? Always was struck by the innovation of OR...hope being part of a bigger company they don't lose that...


Good question. Seems like they will be operating as a seperate entity, with the same parent company. Jayco puts out a good product, so this probably won't be a bad thing for either company. Let's hope anyway.


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Re: Jayco RV to Acquire Tow-able RV Maker Open Range RV [Re: Lerch RV] #16747
02/26/14 11:37 AM
02/26/14 11:37 AM
Joined: Sep 2009
Posts: 403
birdsboro,pa.
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rich Offline
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rich  Offline
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birdsboro,pa.
hopefully it works out for the better for both companies


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