Thor Bus Division Acquires Krystal Enterprises
Thor Industries Inc. announced that its Eldorado National Kansas subsidiary purchased the bus operation assets of Krystal Infinity LLC, dba Krystal Enterprises, (“Krystal”) for $3.9 million in cash.
Eldorado plans to move the assets to its bus facility in Salina, Kansas and produce the Krystal buses there. Krystal manufactures luxury buses and its sales are estimated to be in excess of $30 million per year.
“The addition of the Krystal bus line provides an upscale, high-end retail unit that complements our Kansas facility’s Aerolite, Aerotech and Aero Elite core products as well as its competitively-priced, low cost Advantage product line,” said Andrew Imanse, Thor Bus Group president.