Polaris to Purchase Paint Facility in Spearfish, S.DAdds Additional Paint Capacity to Supplement Spirit Lake Motorcycle Factory
Minneapolis, MN (October 19, 2015) – Polaris Industries Inc. (NYSE: PII) today announced it purchased the facility and paint equipment occupied by Lehman Trikes, prior to Lehman’s move to California.
The 51,000-square-foot facility in Spearfish, S.D., will provide additional liquid paint capacity for Indian and Victory motorcycles made in Spirit Lake, Iowa.
Polaris will employ approximately 80 people in a two-shift operation at the facility, located at 125 Industrial Drive. Production is planned to begin in Q4 2015.
Polaris is a recognized leader in the powersports industry with annual 2014 sales of $4.5 billion.
Polaris designs, engineers, manufactures and markets innovative, high-quality off-road consumer and military vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER® and RZR® side-by-side vehicles; snowmobiles; motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory® and Indian Motorcycle® and Slingshot® brands. Additionally, Polaris continues to invest in the global Work and Transportation vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris Engineered Parts, Accessories and Apparel, Klim® branded apparel and ORV accessories under the Kolpin®, Cycle Country® and Pro Armor® brands.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.
Information about the complete line of Polaris products, apparel and vehicle accessories is available from authorized Polaris dealers or anytime at www.polaris.com.