The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Mar 17, 2017
TARRYTOWN, New York - Ultrafabrics LLC has merged with Daiichi Kasei Co. Ltd., a publicly traded company on the Tokyo Stock Exchange.
Ultrafabrics and DKK have been long-standing partners in the production of the U.S.-based company's high-performance fabrics made for many industries, including furniture, automotive, RV, aviation, healthcare and marine. The acquisition of the shares saw DKK increase its previous 16 percent stake in Ultrafabrics to 100 percent and is going to form the publicly traded Ultrafabrics Holdings Co. later this year, which includes both entities.
Current senior management will continue to oversee the Ultrafabrics organization and will remain in their ownership roles in the new vertically integrated corporate structure, thus merging management of both entities into one stronger unit. The transaction will also allow the newly combined company to fully capture multiple synergies and growth opportunities across various targeted markets. In addition, it will allow Ultrafabrics to strengthen the personalized attention and service it provides to each customer.
Ultrafabrics' management team is excited by the opportunity provided by the integration of the two organizations.
"Everything each company does is complementary to one another, so it's a natural progression and transition," Ultrafabrics Co-Founder and CEO Clay Rosenberg says. "Our company is based on American and Japanese expertise combined and perfected and this will make our partnership even stronger."
Danielle Boecker-Primack, co-founder and president of Ultrafabrics confirms the spirit of close collaboration.
"'Kizuna,'" a Japanese word for a tight bond or connection between people, is the perfect way to describe how we feel about our partnership," she says.