Here are a couple of stories that came across my desk that I think are relevant and interesting to the powersports business community.
1 – Vista Outdoor Enters into Definitive Agreement to Acquire Fox Racing
Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO), the parent company of 39 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced that it has entered into a definitive agreement to acquire Irvine, Calif.-based Fox Racing, a global icon in performance motocross, mountain bike and lifestyle gear for adventure seekers. The purchase price is $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance.
For 50 years, Fox Racing has been a leading voice in the motocross and adventure community, with a dedicated consumer following and talented group of employees that embody the brand’s mission to “honor yesterday, conquer today, and invent tomorrow.” Fox Racing’s deep history of producing innovative gear that enables racers and explorers to reach new heights aligns perfectly with Vista Outdoor’s existing portfolio of leading outdoor brands. Fox Racing grew net sales by a compound annual growth rate of approximately 20% from calendar year 2019 to 2021 and is expected to grow in excess of that in calendar year 2022.
“Over the last four years, we have built a diversified portfolio of iconic outdoor brands led by a proven leadership team that continues to execute well and drive strong results for our shareholders,” said Chris Metz, Vista Outdoor CEO. “With the acquisition of Fox Racing, we are continuing the successful implementation of our strategy to use accretive acquisitions to expand our leadership position and ability to capitalize on long-term growth opportunities in outdoor recreation. The Fox Racing acquisition meets all of our financial and strategic acquisition criteria, even before taking into account potential benefits from combining Fox Racing with our existing business. I am pleased that we have been able to continue to add category-leading brands like Fox Racing to our portfolio while maintaining a strong balance sheet and reinvesting in our existing business to drive organic growth.
“Fox Racing is an ideal fit for our portfolio with a reputation for high quality helmets, protective gear and apparel for motocross and mountain biking. Motocross and mountain biking are growing and familiar categories for Vista Outdoor. Fox Racing is synergistic to our existing action sports business unit, which includes Bell Helmets, Giro, Blackburn, Krash, Copilot and Raskullz. The addition of Fox Racing to our portfolio will allow us to target multiple consumer demographics across mountain and road biking, skiing/snowboarding, and powersports. We expect that Fox Racing and our legacy teams will find multiple opportunities to leverage core competencies, enhance supply chain efficiency and resiliency, and better serve our customers and consumers to drive future growth. We believe that the combined platform will make each business stronger and more profitable tomorrow than they are today, while allowing us to continue to deliver long-term returns for shareholders. Following our separation, which was previously announced on May 5th, we expect to be one of the largest outdoor recreation companies in the industry,” concluded Metz.
Jeffrey McGuane, CEO of Fox Racing, will continue to lead the company following the closing of the acquisition, as will all of Fox Racing’s leadership team.
“We’re excited to join the Vista Outdoor family,” McGuane said. “Together we can leverage the heritage of our leading brands, enjoy new supply chain synergies, expand our deep and established channels and target an expanded customer base. Combined with enhanced access to capital for innovation and scale, we believe this transaction is a win-win for all involved. Vista Outdoor’s leadership team has proven they have an effective, repeatable acquisition model, making Vista Outdoor the clear acquirer of choice for Fox Racing. It is not often that an acquired company can remain true to its culture and customer base, while also tapping into the benefits of Vista Outdoor’s Centers of Excellence, vast retail partnerships, innovation engines and a leadership team that enables a founder’s mentality and results-driven culture. Needless to say, we are thrilled about this next chapter for Fox Racing.”
Fox Racing will be part of Vista Outdoor’s Outdoor Products segment and will be included in the new Outdoor Products Company upon the completion of the previously announced separation.
Details on the Proposed Transaction
Vista Outdoor has agreed to pay a gross purchase price of $540 million, subject to certain customary closing adjustments and not including contingent incentives of up to $50 million, upon the achievement of certain EBITDA targets. For calendar year 2022, Fox Racing’s full-year net sales and adjusted EBITDA are expected to be approximately $350 million and $55 million, respectively. Vista Outdoor expects the transaction to be immediately accretive to earnings, excluding transaction costs, transition costs and inventory step-up.
Vista Outdoor expects to finance this acquisition through a combination of a $600 million asset-based revolving credit facility, which will replace Vista Outdoor’s existing asset-based revolving credit facility, and a $350 million secured term loan facility. Vista Outdoor expects to close the transaction in the second fiscal quarter of FY 2023, subject to the receipt of regulatory approvals and other customary closing conditions. Following the closing of this transaction, Vista Outdoor’s leverage ratio is expected to be below 1.5 times, well within the target leverage ratio of one to two times.
Vista Outdoor will provide updated fiscal 2023 guidance when it reports first quarter fiscal 2023 earnings on July 28, 2022, which is in line with historical cadence.
Robert W. Baird & Co. served as financial advisor and Ropes & Gray LLP served as legal advisor to Fox Racing.
Morgan Stanley & Co. LLC served as financial advisor and Reed Smith LLP served as legal advisor to Vista Outdoor in connection with the transaction. JPMorgan Chase Bank, N.A. is also providing financing advice to Vista Outdoor and together with Capital One, N.A. are serving as joint lead arrangers and bookrunners and Cravath, Swaine & Moore LLP served as legal advisor to Vista Outdoor in connection with the financing for the transaction.
Additional Materials
For additional information about Fox Racing and the definitive agreement, please view the Fox Racing Acquisition Presentation by clicking here, and the Fox Racing Acquisition Infographic by clicking here.
Vista Outdoor plans to report its first quarter fiscal year 2023 financial results on Thursday, July 28, 2022, at 5:00 a.m. EDT. In addition to the results, which will be published on Vista Outdoor’s website, the company expects to discuss its outlook and financial guidance and may discuss matters of strategy during the earnings conference call which will be held at 9:00 a.m. EDT.
Please refer to our press release titled ‘Vista Outdoor to Release First Quarter Fiscal 2023 Financial Results’ for the earnings webcast and replay information.
About Fox Racing
Since 1974, when Geoff Fox first introduced the world to our iconic logo, Fox Racing has been all about family. Not just in name—a legacy that continues to this day—but the idea of celebrating and sharing the passion of life on two wheels with the world. This is what drives us, inspires us, and keeps us close. Because “skulk” is more than just a word for a family of foxes—it’s the adventure, the fidelity of friends, and everything that happens along the way.
About Vista Outdoor Inc.
Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com.
Forward-Looking Statements
Certain statements in this press release and other oral and written statements made by Vista Outdoor from time to time are forward-looking statements, including those that discuss, among other things: Vista Outdoor’s plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘aim’, ‘should’ and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause Vista Outdoor’s actual results to differ materially from expectations described in such forward-looking statements, including the following: impacts from the COVID-19 pandemic on Vista Outdoor’s operations, the operations of our customers and suppliers and general economic conditions; general economic and business conditions in the United States and Vista Outdoor’s other markets outside the United States, including conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers; Vista Outdoor’s ability to attract and retain key personnel and maintain and grow its relationships with customers, suppliers and other business partners, including Vista Outdoor’s ability to obtain acceptable third party licenses; Vista Outdoor’s ability to adapt its products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; Vista Outdoor’s ability to maintain and enhance brand recognition and reputation; others’ use of social media to disseminate negative commentary about us and boycotts; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories or other outdoor sports and recreation products; risks associated with Vista Outdoor’s sales to significant retail customers, including unexpected cancellations, delays and other changes to purchase orders; supplier capacity constraints, production disruptions or quality or price issues affecting Vista Outdoor’s operating costs; Vista Outdoor’s competitive environment; risks associated with diversification into new international and commercial markets including regulatory compliance; changes in the current tariff structures; the supply, availability and costs of raw materials and components; increases in commodity, energy and production costs; changes in laws, rules and regulations relating to Vista Outdoor’s business, such as federal and state ammunition regulations; Vista Outdoor’s ability to realize expected benefits from acquisitions and integrate acquired businesses; Vista Outdoor’s ability to execute our strategic transformation plan, including our ability to realize expected benefits from the successful divestiture of non-core brands and profitability improvement initiatives; Vista Outdoor’s ability to take advantage of growth opportunities in international and commercial markets; foreign currency exchange rates and fluctuations in those rates; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury and environmental remediation; risks associated with cybersecurity and other industrial and physical security threats; capital market volatility and the availability of financing; changes to accounting standards or policies; and changes in tax rules or pronouncements. You are cautioned not to place undue reliance on any forward-looking statements we make. Vista Outdoor undertakes no obligation to update any forward-looking statements except as otherwise required by law. For further information on factors that could impact Vista Outdoor, and statements contained herein, please refer to Vista Outdoor’s filings with the Securities and Exchange Commission.
Altamont Capital Partners Announces Definitive Agreement to Sell Fox Racing to Vista Outdoor
Altamont Capital Partners announced today that it has entered into a definitive agreement to sell Fox Racing, a leading global performance motocross, mountain bike and lifestyle gear brand, to Vista Outdoor Inc. (NYSE: VSTO). Altamont originally invested in Fox via majority recapitalization in 2014.
“Altamont has been proud to partner with the Fox Racing team to build upon the legacy and leadership of the brand,” said Altamont Capital Partners Co-Founder and Managing Director Keoni Schwartz. “Altamont believes in making purposeful, long-term investments that allow us to build strong businesses through collaborative work with our partners. We are grateful for the leadership of CEO Jeff McGuane and all the efforts of the entire Fox Racing family. We are proud of what we accomplished together over the course of our partnership.”
Kabir Mundkur, a Principal at Altamont, added, “Fox Racing has long been recognized as an iconic outdoor brand. We saw an opportunity to support continued innovation, invest in strategic distribution and enhance brand engagement. We are confident that Fox Racing is well positioned for continued success in this next chapter of growth.”
“Our partnership with Altamont has been crucial in strengthening our brand, driving growth, and building on a successful legacy that dates back to 1974,” said Fox Racing CEO Jeff McGuane. “Altamont has been a great partner supporting our business and our employees and has put us in a position for continued success going forward. We’re grateful to Altamont for their support and excited for the future as part of the Vista Outdoor family.”
Through its partnership with Altamont, Fox Racing’s projected revenue will reach approximately $350 million in calendar year 2022. Fox Racing grew net sales by a compound annual growth rate of approximately 20 percent from calendar year 2019 to 2021 and is expected to exceed that number this year. The terms of the sale were disclosed at $540 million with an additional $50 million in potential earnout. The transaction is expected to close in the third quarter of calendar year 2022.
Robert W. Baird & Co. acted as financial advisor and Ropes & Gray provided legal advice to Fox Racing and Altamont Capital Partners on the transaction. Morgan Stanley & Co. LLC served as financial advisor and Reed Smith LLP served as legal advisor to Vista Outdoor in connection with the transaction.
About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, healthcare, business services, consumer/retail, and industrials.
About Fox Racing
Since 1974, when Geoff Fox first introduced the world to our iconic logo, Fox Racing has been all about family. Not just in name—a legacy that continues to this day—but the idea of celebrating and sharing the passion of life on two wheels with the world. This is what drives us, inspires us, and keeps us close. Because “skulk” is more than just a word for a family of foxes—it’s the adventure, the fidelity of friends, and everything that happens along the way.
About Vista Outdoor Inc. Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com.
2 – Nic Moncher joins Hoosier Racing Tire as the New Head of Marketing – From Hoosier Tires
Hoosier Racing Tire, the world’s largest manufacturer of racing tires, welcomes Nic Moncher to head up the newly established marketing department.
Nic will be responsible for developing business plans that support the company’s strategic targets, supporting sales concepts and expanding promotional marketing strategies to drive growth. In addition, he will help with overall brand development and strengthening of the brand in the global marketplace.
Nic holds a degree in Business Management with a concentration in Marketing and Communications from Belmont Abbey College. He also brings many years of marketing experience in the racing industry working with several major racing teams based in North Carolina.
“I am excited about the appointment of Nic. I am convinced he will further advance our marketing vision and ambitious growth plan,” said Joerg Burfien, President and CEO of Hoosier Racing Tire Corp. “Nic’s history in the motorsports industry and passion for racing is the perfect combination to accelerate our brand development and marketing initiatives.”
“I’m honored to be joining the Hoosier Racing Tire family and becoming part of the world’s largest manufacturer of racing tires,” said Nic Moncher. “Over the years their storied brand has become synonymous with racing. I am excited about having the opportunity to drive this brand globally.”
Today, Hoosier Racing Tire is the largest race tire manufacturer in the world, producing over 1,000 different tire specifications. The company has its own state-of-the-art, fully integrated production facilities, recently adding a high-tech mixing plant, with enough capacity to produce not only for Hoosier Racing Tire, but to have the ability to produce rubber for additional entities as well as a model sales and distribution network. With hundreds of race winners crowned annually. Our mission is to fuel passion, pride and success.
For more information on Hoosier racing tires, contact your nearest Hoosier Racing Tire Distributor. A complete list of locations can be found at www.hoosiertire.com. Follow us on Facebook and Instagram.
TIRES DESIGNED FOR CHAMPIONS
Hoosier Racing Tire is the largest race tire manufacturer in the world. Hoosier has grown to produce over 1,000 different types of race tires. The company has its own 300-mph test wheel; a technology center; state-of-the-art, fully-integrated production facilities recently adding a high-tech mixing plant, with enough capacity to produce not only for Hoosier Racing Tire, but to have the ability to produce rubber for additional entities as well as a model sales and distribution network. Hoosier Racing Tire is a 100% subsidiary of Continental AG.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2020, Continental generated sales of €37.7 billion and currently employs more than 192,000 people in 58 countries and markets. On October 8, 2021, the company celebrated its 150th anniversary.
3 – Gold Wing Road Riders Association closing after 45 years – From Powersports Business
Founders of the Gold Wing Road Riders Association, Paul Hildebrand and Shirley Stevens-Garcia, announced that the organization will be closing July 31. The announcement was made during the GWRRA annual Wing Ding opening ceremonies. American Honda is saddened by the news and thanks the GWRRA for its dedication to one of Honda’s most iconic models. In the interim, it will offer prorated refunds on prepaid memberships.
Founded in 1977, the GWRRA grew through the heyday of motorcycle touring to the point that it eventually had approximately 80,000 members in 53 countries, and with over 800 active chapters managed by 4,000 volunteer leaders. Headquartered in Phoenix, Arizona, the GWRRA has called itself “the world’s largest single-marque social organization for owners of Honda Gold Wing/Valkyrie motorcycles,” and it adopted the motto “Friends for Fun, Safety and Knowledge.”
A dedicated, family-like group that published its own magazine (Wing World, whose September issue will be the last), the GWRRA worked hard to improve the image of motorcycling. It prided itself in being a not-for-profit, nonreligious, and non-political organization, whose members have covered a broad spectrum of backgrounds, but who were unified by a love for owning and riding Honda’s legendary touring model, the Gold Wing.
“We would like to thank our members, vendors and advertisers for 45 years of unwavering support,” said Abel Gallardo, COO of GWRRA. “We truly could not have made it this far without all of you. To our rider-education program, we cannot begin to place a number on the lives touched by your efforts. To our leadership-training and motorist-awareness programs, thank you for educating our members, officers and public to keep our riders safe and enjoying the ride.”
“For nearly five decades, the GWRRA has set the powersports standard for a grassroots organization based on a single model, and Honda will be forever grateful for the enthusiasm the club’s members demonstrated and generated for the Gold Wing,” said Bill Savino, American Honda Senior Manager of Customer Engagement. “While the GWRRA’s closure is undeniably the end of an era, we want to make sure their members and all Gold Wing enthusiasts know that Honda remains committed to the Gold Wing model and these customers for years to come.”
4 – American Honda Salutes 45 Years of GWRRA – From American Honda
ALPHARETTA, GA – July 7, 2022
- Gold Wing Road Riders Association to shut doors
- Announcement made at final edition of Wing Ding
Gold Wing Road Riders Association founders Paul Hildebrand and Shirley Stevens-Garcia announced last week during Wing Ding opening ceremonies that the organization will be closing. American Honda is saddened by the news and thanks the GWRRA for its dedication to one of Honda’s most iconic models.
Founded in 1977, the GWRRA grew through the heyday of motorcycle touring to the point that it eventually had approximately 80,000 members in 53 countries, and with over 800 active chapters managed by 4,000 volunteer leaders. Headquartered in Phoenix, Arizona, the GWRRA has called itself “the world’s largest single-marque social organization for owners of Honda Gold Wing/Valkyrie motorcycles,” and it adopted the motto “Friends for Fun, Safety and Knowledge.” A dedicated, family-like group that published its own magazine (Wing World, whose September issue will be the last), the GWRRA worked hard to improve the image of motorcycling and prided itself in being a not-for-profit, nonreligious, non-political organization whose members covered a broad spectrum of backgrounds, but who were unified by a love for owning and riding Honda’s legendary touring model, the Gold Wing.
“We would like to thank our members, vendors and advertisers for 45 years of unwavering support,” said Abel Gallardo, COO of GWRRA. “We truly could not have made it this far without all of you. To our rider-education program, we cannot begin to place a number on the lives touched by your efforts. To our leadership-training and motorist-awareness programs, thank you for educating our members, officers and public to keep our riders safe and enjoying the ride.”
The GWRRA will officially close on July 31. In the interim, it will offer prorated refunds on prepaid memberships.
“For nearly five decades, the GWRRA has set the powersports standard for a grassroots organization based on a single model, and Honda will be forever grateful for the enthusiasm the club’s members demonstrated and generated for the Gold Wing,” said Bill Savino, American Honda Senior Manager of Customer Engagement. “While the GWRRA’s closure is undeniably the end of an era, we want to make sure their members and all Gold Wing enthusiasts know that Honda remains committed to the Gold Wing model and these customers for years to come.”
About American Honda
American Honda Motor Co., Inc., is the sole distributor of Honda motorcycles, scooters, ATVs and Side-by-Sides in the United States. American Honda’s Powersports Division conducts the sales, marketing and operational activities for these products through independent authorized Honda retail dealers. For more information on Honda products, go to powersports.honda.com.
5 – BRP Entered into a Definitive Agreement to Acquire Great Wall Motor Austria – Reinforcing its Know-How in Electric Vehicles Technology – From BRP, Inc.
VALCOURT, QUEBEC, CANADA – July 7, 2022 – BRP (TSX: DOO, NASDAQ: DOOO) announced today that it has entered into a definitive agreement to acquire Great Wall Motor Austria GmbH, a subsidiary of Great Wall Motor based in Baoding, China. This leading EV R&D centre based in Kottingbrunn, Austria, specializes in e-drive systems and transmissions and currently employs highly skilled individuals who will receive ongoing employment as part of this agreement.
“We look forward to welcoming the 53 very qualified and experienced engineers, technicians and professionals as we continue reinforcing our EV expertise required to deploy our ambitious strategy. This acquisition will further strengthen our know-how in e-motor, inverter hardware and software development”, said Thomas Uhr, Chief Technology Officer of BRP.
Located near Vienna, Austria, this new EV R&D hub is ideally situated to attract top talent from nearby universities and research centres.
The transaction is subject to customary closing conditions, including the receipt of Austrian regulatory approvals and is expected to close by the end of Q2 this fiscal year.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain information included in this release, including, but not limited to, statements relating to the completion of the acquisition of Great Wall Motor Austria GmbH, the anticipated benefits associated with the completion of this acquisition, the receipt of all requisite approvals to complete the acquisition, the closing date of the acquisition and the Company’s business and strategic plans, and other statements that are not historical facts, are “forward-looking statements” within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP’s annual information form dated March 24, 2022.
About BRP
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
6 – Texas UTV market attracts new distribution center – From Powersports Business
A manufacturer’s new regional distribution center in Gainesville, Texas, will check in at 54,000 square-feet to meet demands of side-by-side and tractor sales in the state.
“This investment demonstrates Yanmar’s continuing commitment to the important Texas market,” said Yanmar America president, Jeff Albright. “With this new regional distribution center, Yanmar America is committed to offering exceptional purchase and ownership experiences to our customers and we will continue to support our dealer partners to provide parts and service support.”
READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/07/07/texas-utv-market-attracts-new-distribution-center/
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