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KITCHENER, Ontario — In a letter to its business partners, Erwin Hymer Group North America promised to provide a full assessment of the situation within a few weeks, RV Daily Report has learned.
The letter was signed by Michael Snell, vice president of sales and service.
Here is the text of the letter:
Dear business partner,
We wish to inform you about recent developments in our company. Erwin Hymer Group (EHG) is currently reviewing the business of Erwin Hymer Group North America (EHG NA).
An initial investigation has shown irregularities in the company’s reporting. We have initiated a detailed audit procedure involving external auditors. Erwin Hymer Group is acting in accordance with its zero tolerance policy and is committed to a full and complete investigation.
While the matter is investigated, several managers of EHG NA have been suspended pending the outcome of the investigation.
As an immediate measure Erwin Hymer Group deployed management from international operations to support the ongoing operations of EHG NA and the external investigation. EHG NA’s focus on its products, business partners and customers remains unchanged.
Thor Industries has announced that it expects that the purchase of Erwin Hymer Group will be completed within the company’s fiscal third quarter ending April 30, 2019. Due to the ongoing investigation, Thor Industries and EHG’s selling shareholders are finalizing discussions to exclude EHG’s North American operations from Thor’s purchase of EHG.
We are aware that this development may cause questions and uncertainties amongst our customers and partners. We expect to have a full assessment of the situation in the coming weeks and will inform you on further developments.
In the meanwhile, I want to thank you for your cooperation and partnership and assure you that we remain focused on our products, business partners and customers.