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Thor Industries, Inc. (NYSE: THO) today announced that its Champion Bus, Inc. (Champion) subsidiary has purchased the bus operation assets of Federal Coach for $6.8 million in cash. Champion plans to move the assets and begin production of Federal Coach buses at its Imlay City, Mich. production facility in early calendar 2013. Federal Coach is a premier luxury bus manufacturer, producing a full line of shuttle, executive and limousine buses ranging in capacity from 12 to 44 passengers with annual sales of approximately $25 million. Thor’s Bus Group generated net sales of approximately $444.9 million in the fiscal year ended July 31, 2012.
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