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Polaris Buys Transamerican


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#1 Phantom 309

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Posted 12 October 2016 - 12:38 PM

Maybe Polaris will end up owning the world before Trail Gear does.






http://www.bizjourna...er-for-665.html



Polaris Industries Inc. said Wednesday it will acquire Transamerican Auto Parts, a maker of accessories for Jeep and off-road trucks, in a deal worth $665 million.

The Medina-based company said in a statement that the deal would complement its existing accessories business and would be accretive to earnings (excluding accounting costs and the costs of the acquisition itself) starting this year.

Polaris CEO Scott Wine
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Polaris CEO Scott Wine

NANCY KUEHN

Compton, Calif.-based TAP, a half-century-old company that owns brands such as Trail Master, Pro Comp and Rubicon Express, had approximated $740 million in sales in the 12 months ended Sept. 30.

“This transaction is consistent with our long term strategy, provides us an immediate leadership position in a growing market, and allows us to accelerate Polaris’ growth," said Polaris (NYSE: PII) CEO Scott Wine.

#2 green1

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Posted 17 October 2016 - 08:08 AM

polaris just read this and is looking into trail gear now lol