Polaris buys snow bike maker Timbersled
Polaris Industries Inc. Wednesday announced it has acquired Timbersled Products Inc. small manufacturer of snow motorcycles, or snow bikes.
It bought the privately-owned company based in Sandport, Idaho, for an undisclosed sum. The company was founded in 2001, making front- and rear-suspension systems for mountain snowmobiles. In 2010 it introduced a motorcycle conversion system that attaches a sled and track to an existing motorcycle frame.
Timbersled’s Mountain Horse motorcycle conversion kits cost between $5,300 and $6,500 each, according to Polaris.
“Timbersled has created a compelling product and revolutionized the sport of snow biking, and we are excited to see what they can accomplish with access to Polaris’ considerable engineering, manufacturing and distribution capabilities,” said Scott Wine, Polaris Chairman & CEO in a press release.
Polaris (NYSE: PII) plans to keep Timbersled’s brand the same and says the operations and 40 employees, will remain near Sandport. Timbersled has about 150 dealers.
Polaris manufactures motorcycles under the brand names Indian and Victory and snowmobiles under the Polaris brand.
Medina-based Polaris had 2014 sales of $4.5 billion and Timbersled’s revenues were “well less than 1 percent” of that, according to a fact sheet provided by Polaris about the deal.
The acquisition should slightly boost Polaris’ income in 2015.