Expands Work & Transportation Business with Leading Manufacturer of
Industrial Vehicles
MINNEAPOLIS--(BUSINESS WIRE)--
Polaris Industries Inc. (NYSE:PII) today announced the acquisition of
Taylor-Dunn, a leading provider of industrial vehicles, serving a broad
range of commercial, manufacturing, warehouse and ground-support
customers. Taylor-Dunn, a privately owned company based in Anaheim,
Calif., will join GEM®, Goupil®, Mega™,
and Aixam™, as well as Polaris Commercial Off-road
Vehicle (ORV) Sales, in Polaris’ Work & Transportation division, part of
Polaris’ Global Adjacent Markets business. The terms of the transaction
were not disclosed.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20160307006280/en/
Polaris acquires Taylor-Dunn, the leader in light-industrial and commercial vehicles (Graphic: Business Wire).
“While Polaris is best known for our leadership in powersports, adjacent
markets are an important aspect of our growth strategy, and industrial
vehicles are a natural extension for us,” said Dan Chumbler, General
Manager, Work and Transportation, Polaris. “Taylor-Dunn has a deep
understanding of industrial customers, and they’ve earned a stellar
reputation over the last 60+ years of providing application-specific
solutions that are reliable, efficient, and economical. With Taylor-Dunn
joining our portfolio, we look forward to offering an expanded product
portfolio and enhanced commercial sales and service to a larger customer
base.”
Taylor-Dunn will become a wholly owned subsidiary of Polaris. It will
continue to be a distinct brand and operate from its current
headquarters and manufacturing facilities in Anaheim.
“I am proud to have had the opportunity to lead Taylor-Dunn for
twenty-five years,” said Jim Goodwin, Chairman, Taylor-Dunn. “I believe
that Polaris is the right company at the right time to drive continued
success at Taylor-Dunn. Polaris brings strong capabilities in innovation
and continuous improvement, as well as access to larger-volume
resources. I am confident this combination will bring new opportunities
not only for Taylor-Dunn, but also for the company’s dealer network and
its community of end users.”
About Polaris
Polaris Industries Inc. (NYSE: PII) is a global powersports leader with
annual 2015 sales of $4.7 billion. Polaris fuels the passion of riders,
workers and outdoor enthusiasts with our RANGER®, RZR®
and Polaris GENERAL™ side-by-side off-road vehicles; our SPORTSMAN®
and Polaris ACE® all-terrain off-road vehicles; Victory®
and Indian Motorcycle® midsize and heavyweight motorcycles;
Slingshot® moto-roadsters; and Polaris RMK®, INDY®,
Switchback® and RUSH® snowmobiles. Polaris
enhances the riding experience with parts, garments and accessories sold
under multiple recognizable brands, and has a growing presence in
adjacent markets globally with products including military and
commercial off-road vehicles, quadricycles, and electric vehicles. www.polaris.com
About Taylor-Dunn
Founded in 1949, Taylor-Dunn is a leading manufacturer of commercial and
industrial vehicles. For over sixty years, Taylor-Dunn's burden
carriers, personnel carriers, stockchasers, electric carts, and tow
tractors have been the dominant solution for customers in a broad range
of industrial, commercial, and ground-support markets. Taylor-Dunn's
guiding principle is to provide application-specific solutions that are
tough, rugged, and dependable. www.taylor-dunn.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160307006280/en/
Source: Polaris Industries Inc.