Thor Industries was founded in 1980 when Wade F. B. Thompson and Peter Busch Orthwein acquired Aistream, which had faced a downturn in business in the late 1970’s. Thompson and Orthwein used the first two letters of each of their names to create the new company’s name: Thor.
Airstream returned to profitability after one year under Thor’s management.
The company expanded and grew through acquisition, notably General Coach, a manufacturer of motorhomes and travel trailers, in 1982 and Heartland Recreational Vehicles LLC in 2010.
Today Thor Industries continues to operate as a recreational vehicle builder. Through its subsidiaries manufactures and markets a range of motorhomes, travel trailers, and related parts under the brands Airstream, Keystone RV, Crossroads, Breckenridge, and Heartland RV, among others.
The company trades publicly on the New York Stock Exchange under the ticker symbol THO, is a member of the S&P 500, is #636 in the Fortune 1000, has 9,400 employees, and had $3.65 billion in revenue in 2013.