Apparently, some people have shown interest in purchasing the sled manufacturer.
Arctic Cat is
all but dead
. The company has
shuttered its production facility
In Thief River Falls, Minnesota. It’s
terminated almost all of its employees
And the company’s parent firm, Textron Industries, which operates across various sectors including aviation and defense contracts, is reportedly seeking potential purchasers for this business unit.
However, since late last year, little information has emerged regarding the snowmobile brand’s developments. This changed only last month when
SnoWest
It seems that some inside sources provided an updated report indicating that Textron isn’t just dealing with one potential suitor but several interested parties.
Is it possible for Arctic Cat to emerge stronger than ever? Perhaps even as resilient as snow in the wilderness? In truth, it seems like there’s a chance this could happen.
When the brand declared the halt in production along with the job cuts, the firm also mentioned that they were “considering strategic options” for the brand, indicating that Textron was seeking a potential purchaser. As reported
SnoWest
There are several interested parties involved.
SnoWest contacted both Textron Specialty Vehicles (TSV) and key personnel at Arctic Cat,” reports the outlet, noting further, “Although TSV didn’t offer any fresh details, we received an updated statement from a reliable insider at Arctic Cat.
The latest information indicates that although the company isn’t officially up for sale just yet, “TSV (Textron Specialty Vehicles) is currently in the process of collecting and assessing bids from various prospective purchasers for the Arctic Cat brand.” A reliable informant verified that Textron has indeed gotten acquisition offers from several entities showing interest. However, they did not provide any timeframe regarding when these submissions will be evaluated or when decisions might be reached.
Frankly, this update is quite intriguing considering the current state of the market.
Snowfall amounts have been decreasing in recent times, particularly in the eastern part of the U.S., where yearly comparisons have shown consistent reductions.
significant drops
In both newly purchased and pre-owned snowmobiles,
as well as registrations
And other brands such as Yamaha have fully
abandoned its snowmobile initiative
, while others like
Taiga went bankrupt but has come back again.
Similarly, individuals such as Polaris have also had their part.
axed the Timbersled program
, and both of them have provided significant discounts on their current stock. By saying this, I am quite astonished that people remain interested considering the downturns we’ve observed.
I would be thrilled to witness Arctic Cat return to the mountains, as their snowmobiles have consistently impressed me. The more folks exploring trails and backcountry, the greater appreciation for our public lands grows, which I believe is beneficial overall.
I contacted Textron Specialty Industries to check for updates since SnoWest last spoke with people from their team, and I will provide an update as soon as we receive a response.
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