Polaris Industries Inc. has joined the Fortune 500 list of largest companies in the United States. Not a market cap., profits or revenues listing as such, the Fortune 500 lists businesses by total revenues for their fiscal years - Polaris is in its 64th year and achieved a ranking of #496. It lists publicly held companies along with privately held companies for which revenues are publicly available.
Garland, Texas based UTV/SxS vehicle assembler Sportsman Country is being acquired by Jinhua, China based electric and off-road vehicle and component manufacturer Kandi Technologies. Sportsman assembles and distributes under the Massimo, Benneche and Linhai brands.
Polaris has announced it is to open a new distribution center in Fernley, Nevada, 165 miles NE of Sacramento, California. The 475,000 sq ft facility will be a multi-brand operation on a 37-acre site, supporting Polaris’ growing aftermarket, parts, garments and accessories businesses. Its PG&A division achieved nearly $2 billion in sales in 2017. Proximity to west coast consumers and Pacific Rim facing ports are cited as factors in the choice of location.
Following news that it had moved its U.S. headquarters to Plano, Texas, Canadian BRP, maker of Sea-Doo watercraft and Ski-Doo snowmobiles, is reported to be poised to spend some $385 million on acquisitions to expand its product line-up. Group sales in 2017 are reported at $3.4 bn, and CEO Jose Boisjoli is targeting growth to $4.6 bn by 2020.
The U.S. Consumer Product Safety Commission’s (CPSC) 2016 annual report of “ATV-Related Deaths and Injuries” (issued January 2018) once again affirms the decade-long downward trend in fatalities and injuries related to ATVs - down -29% for the period 2007 to 2013.
BRP has garnered six prestigious Red Dot product design awards for its Sea-Doo Spark Trixx PWC, Can-Am Maverick X3 and Trail SxS vehicles, Evinrude E-TEC 150-200 hp G2 outboard engine, Ski-Doo snowmobile REV Gen4 platform and LinQ snowboard/ski rack for Ski-Doo snowmobiles.
