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Polaris Acquires Industrial Vehicle Manufacturer Taylor-Dunn

The purchase fit into the company's strategic goal of expanding beyond powersports.

Polaris Acquires Industrial Vehicle Manufacturer Taylor-Dunn
Polaris Industries is acquiring industrial vehicle manufacturer Taylor Dunn for an undisclosed amount.
 
The Anaheim, California-based company, which builds vehicles used for warehousing, outdoor utilities, hauling and people moving, joins Polaris’ work and transportation division.
 
The purchase is part of a bigger move in recent years to expand the company past the snowmobile and ATV niches and into a global, small-vehicle manufacturer. Last year, the company purchased Timbersled, maker of a snow bike to “take the sport…mainstream.
 
“While Polaris is best know for our leadership in powersports, adjacent markets are an important aspect of our growth strategy,” Polaris’ work and transportation division general manager Dan Chumbler said in a statement. “Industrial vehicles are a natural extension for us.”
 
The company said an established dealer network, large installed based of users and strong brand recognition made the purchase a strategic fit for Polaris. The deal is expected to be “neutral” for 2016’s earnings.
 
The Taylor-Dunn name will become a wholly owned subsidiary of Polaris and maintain its headquarters and manufacturing site in California.
 
Late last year, Polaris became a founding partner at U.S. Bank Stadium.
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