Walkinshaw in caravan merger

AutoExec Summary
Australia’s caravan industry has seen a major consolidation as two major manufacturers, JB Caravans and New Age Caravans, have joined forces to become the nation’s second biggest caravan manufacturer. This move comes at a time when the local economy is struggling and facing competition from overseas markets for the tourist dollar. The joint venture will see JB Caravans taking 50% of New Age Caravans, creating a 3000-a-year unit manufacturer. Both companies will continue under their existing brand names and in their factories, with a commitment to Australian manufacturing and employment. The deal is seen as a way to strengthen Australian manufacturing and ride out the current economic challenges.

Brands mentioned:JB Caravans, New Age Caravans, Jayco, Walkinshaw Group, Tourism Holdings Ltd (THL), Coromal, Ram, Chevrolet, Toyota, GMC