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Polaris Acquires Hammerhead Off-Road Vehicles Business


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Polaris Acquires Hammerhead Off-Road Vehicles Business

Expertise in Light Utility Vehicles and Go-Karts Complements Polaris’ Existing Product Portfolio

 

MINNEAPOLIS (February 18, 2015) —Polaris Industries Inc. (NYSE: PII) today announced it has signed an agreement to acquire HH Investment Limited (”Hammerhead”). Hammerhead manufactures gasoline powered go-karts, light utility vehicles, and electric utility vehicles in Shanghai, China. The Company markets its products globally under the Hammerhead Offroad® brand, along with maintaining key private label relationships with other OEMs. The transaction is expected to close within the next 90 days. The terms of the pending transaction were not disclosed.

 

“Hammerhead provides Polaris with a unique opportunity to expand both our international manufacturing footprint and our armada of off-road products,” said Scott Wine, Polaris Chairman and CEO. “We are impressed by the entrepreneurial spirit and passion for innovation of the Hammerhead team, and look forward to pursuing new customers in new markets with their high-quality and low-cost off-road vehicles. We are excited to establish Polaris’ operational footprint in China and believe the opportunities for further international growth are significant.”

 

Hammerhead’s main manufacturing operation is located in Shanghai, China, near Polaris’ Chinese subsidiary. Hammerhead also has an operation located north of Dallas, Texas responsible for light assembly and sales distribution of its products in North America. Hammerhead will continue to market its products under the Hammerhead brand and operate under its current leadership structure as a stand-alone entity.

 

“I am thrilled at the opportunity to make Hammerhead a part of Polaris and its growing portfolio of global brands,” said Jerry Qiu, Chairman of Hammerhead. “I am very proud of what we have built at Hammerhead. We share the same enthusiasm and passion for off-road vehicles as Polaris and look forward to sharing our mutual expertise as we take our products, engineering and manufacturing skills to the next level.”

 

http://www.hammerheadoffroad.com/

 

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Makes one scratch their heads and ask 'why' .... answer must be it gives them access to the China Market for all their other lines... . ?

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Oh yeh! How long before they start making the Indians over there?! Can't wait. With their history of human rights violations, lead in toys, melamine in milk and powdered infant formula..........................

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instead of buying ,buying ,buying ,they need to spend more time perfecting the shit they sell now i think .

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instead of buying ,buying ,buying ,they need to spend more time perfecting the shit they sell now i think .

LOL, I think China will be providing many more parts for the Indian line in the "very near" future :nod:

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Excellent business decision! Go Polaris.

quote from a polaris employee .

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Not possible to sell Chiefs for 20K and make a profit with 100% US content. China has the capability to manufacture good quality components providing Polaris doesn't grind them down cost wise. Which they will of course

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i hope they are smart enough to build the indians 100% in the usa

 

LOL, they just barely make the percentage cut now... not sure how long they will be able to say "MADE in AMERICA"

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Makes one scratch their heads and ask 'why' .... answer must be it gives them access to the China Market for all their other lines... . ?

You got it.

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They just figuring out how they can make more money. Greed. I'd rather see they take it to Canada.

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I would be very surprised if the Chiefs and scouts are 100% US sourced. If they were Polaris would say so in a national ad campaign. I believe they can say "Made in the USA" without 100% US parts; some obscure trade law permits it. I suspect my KM DH has some Asian content, for sure the controls and mirrors, maybe the tin...

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Most Harley content is Chinese. They are assembled here-their claim to fame. No doubt the new chiefs are the better value but not for long. 2014 Chiefs may end up with the highest US content-just guessing. Anybody know about Victory and where that crazy looking thing is sourced?

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I'm assuming the opposite of what some are.... that this gives PI a leg up to export to China... Indians and Vics and 'real' 4 wheelers.. Of course the opposite is true; ability to manufacture parts there, for here. If nothing else, gives them more Quality Control ( that's a funny one, huh?)

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Speaking of china and "the great white north." Reminds me of this pix [below]. from an earlier era. Originally posted by the well regarded and talented motorcycle mechanic/machinist.....Andrew McNeal, aka CANUCK.

 

cg.jpg

 

 

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I lay awake at night wondering how Indian is going to fuck us next....

Stu there are so many ways ,you may never sleep again !

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