Good Sam Club Open Roads Forum: Lance bought out by REV GROUP
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 > Lance bought out by REV GROUP

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goducks10

There

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Posted: 01/12/18 03:54pm Link  |  Quote  |  Print  |  Notify Moderator

Hmm. Could be good I suppose. Looks like business as usual. Sad that another smaller MFG is now bought out.
http://www.rvbusiness.com/2018/01/rev-en........s-towable-sector-with-lance-acquisition/

TurnThePage

North ID

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Posted: 01/12/18 06:18pm Link  |  Quote  |  Print  |  Notify Moderator

Maybe they will be able to afford to crown their roofs now! [emoticon]


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3oaks

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Posted: 01/12/18 07:04pm Link  |  Quote  |  Print  |  Notify Moderator

TurnThePage wrote:

Maybe they will be able to afford to crown their roofs now! [emoticon]
I think that would be a big improvement and help increase sales.

AAV8R

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Posted: 01/12/18 08:33pm Link  |  Quote  |  Print  |  Notify Moderator

The new ones are crowned. Just bought one.

TurnThePage

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Posted: 01/13/18 12:35am Link  |  Quote  |  Print  |  Notify Moderator

That's great to hear! Congrats!

AAV8R

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Posted: 01/13/18 11:02am Link  |  Quote  |  Print  |  Notify Moderator

Thanks. I was climbing around on the roof yesterday making sure! We pick it up on the 23rd. Very excited!

FrankShore

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Posted: 01/13/18 08:06pm Link  |  Quote  |  Print  |  Notify Moderator

Yes, the roofs have been crowned for awhile now, and they've also moved from TPO to PVC for the roofing material.

I think this will be a great move by REV Group and Lance, both!


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avoidcrowds

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Posted: 01/15/18 03:14pm Link  |  Quote  |  Print  |  Notify Moderator

"Sad that another smaller MFG is now bought out. "

Maybe for you, but maybe not for the owners. They have spent decades building their company, and maybe, now they can enjoy the fruits of their labors.

Why do so many people think a small company can produce a better product at a lower price than a large company? Economies of scale definitely are a plus. Combining office expenses, insurance, etc. Purchasing power. There are so many reasons that this merger can be beneficial.

Almost every large company started as a small family operation. Do you think Apple would be making as many iPhones, etc., if they didn't get funding from venture capital firms?

Yes, sometimes a big company buys a smaller company, and quality is sacrificed for quantity. But, since the founders are staying on, there is a very good chance they have written many safeguards into the purchase agreement. And, maybe the buyers realize that RVs are a commodity, and only quality will allow them to sell higher-priced RVs.

Mom and Pop can't always finance growth that is called for, if they want to supply all the demand a quality product may generate. Lance is expanding their manufacturing operations, I believe, and maybe the added capital will allow them to make even better units.

I just don't understand why some people think growth is automatically bad!


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rbpru

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Posted: 01/15/18 03:32pm Link  |  Quote  |  Print  |  Notify Moderator

So much for the TT market being so lucrative the manufacturers wheel barrel their money to the bank.

It is like most businesses in a crowded environment. You get big or you get out.

The folks at Jayco made the same decision, do I want to keep this investment or do I want to sell and invest elsewhere.


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TurnThePage

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Posted: 01/15/18 05:23pm Link  |  Quote  |  Print  |  Notify Moderator

I'm not a fan of the sold-out version of Jayco. They used to sell some very nice, shorter half ton towable models. Not so much anymore. Lance was very close to having it all figured out...

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