Those of you who have been wondering who owns Arctic Cat may be interested to know that it was recently acquired by Textron Incorporated. This Rhode Island-based company is known for its multi-industry products, including Bell helicopters and Cessna airplanes. Although the company was not particularly profitable as a stand-alone company, it has managed to transform itself into a leading snowmobile and side-by-side manufacturer.
The company had already been acquiring other companies, including Textron, and had a major meeting with the press and select dealers to discuss the deal. However, the company’s recent actions have caused some fans and enthusiasts to worry about what their favorite brand will become. It’s unclear how this will affect the company’s products, but a new ownership structure could mean a lot of changes. However, it is a big deal for Arctic Cat fans, who will be worried about the future of their beloved sleds.
Although the company has changed its name several times, its roots are the same. The company was started by Edgar Hetteen, who left Polaris Industries to pursue a different path. Hetteen was able to use his experience to develop front-engine snowmobiles and the Boss Cat line. Hetteen’s company later became known as Arctic Enterprises. Textron acquired Arctic Cat in 1997 and continued developing snowmobiles.
Despite these changes, Arctic Cat continues to be a huge player in the industry. In fact, the company has expanded far beyond snowmobiles to include all types of recreational vehicles. The company’s corporate headquarters is now in Plymouth, Minnesota, while manufacturing continues in Theif River Falls, Minnesota. And although the company’s snowmobile business is now largely global, the company is still located in the Arctic. That’s because the company was purchased by a private investor in 1996.
While it may be hard to believe, many of the features of Arctic Cat snowmobiles were first initiated by Yamaha. One of the most notable of these features is the 9000 Series turbo 4-stroke engine. In fact, Arctic Cat started using Suzuki engines in 1976 and brought them back to the Midwest. It didn’t affect the company’s profit margins at all. In 2013, however, Arctic Cat stopped using Suzuki snowmobile engines and moved manufacturing to its St. Cloud factory. Since then, the company has also partnered with Yamaha to provide its youth models with Yamaha engines. In 2009, Arctic Cat also purchased Yamaha’s 123cc four-stroke engine and later agreed to use Yamaha’s engine in their 2014 models.
If you’re curious about the company behind the Arctic Cat, you’ll want to check out their website. The company is known for their patented snowmobile designs, and they make the popular Arctic Cat a household name. But before you decide to buy an Arctic Cat, make sure to read some reviews first to see if it’s a good investment. Just remember, you should always keep in mind that the company is part of Textron, and it’s an American brand.
Who is the manufacturer of Arctic Cat?
Textron
Did Arctic Cat get bought out?
MINNEAPOLIS – Defense contractor Textron (TXT) is buying snowmobile maker Arctic Cat in a deal valued at about $247 million. Textron said Wednesday that it will pay $18.50 per Arctic Cat share, a 41 percent premium to its Tuesday closing price. The transaction also includes debt, though no exact figure was provided.J
Who makes Arctic Cat engines?
Suzuki
Is Arctic Cat owned by Yamaha?
Arctic Cat’s Snow Division Vice President and General Manager Brad Darling said, “The engine purchase agreement with Yamaha, combined with the engines that we plan to manufacture in house, will provide Arctic Cat’s customers with the most well-rounded engine choices when it comes to technology, reliability and …
Did Polaris buy Arctic Cat?
The current Polaris Industries was really born in the early 1980s when the parent company Textron — yes, the same company now buying Arctic Cat — wanted to get rid of it. Polaris executive W. Hall Wendel Jr. agreed to lead a buyout.J
Who bought Arctic Cat ATV?
Textron
Is Polaris and Arctic Cat the same?
The current Polaris Industries was really born in the early 1980s when the parent company Textron — yes, the same company now buying Arctic Cat — wanted to get rid of it.J
Did Polaris buy out Arctic Cat?
3. Textron acquires Polaris in 1968. At the height of the snowmobile craze in the 1960s, diversified manufacturer Textron (NYSE: TXT) acquired the company, which joined it with the E-Z Go golf cart company it had acquired. (Coincidentally, Textron acquired Arctic Cat in March of this year.)A
When did Arctic Cat stop using Suzuki engines?
Arctic Cat announced in June 2010 that it would stop buying snowmobile engines from Suzuki at the end of 2013 and move the manufacturing to its plant in St. Cloud.D
Is Arctic Cat owned by Polaris?
Polaris Joins Arctic Cat-Owner Textron On Fortune 500 List. The sport of snowmobiling now has two of its four manufacturers on the Fortune 500 list, with Polaris making its debut on the list this year and after Arctic Cat was acquired by Fortune 500 regular Textron last year.M
Who owns Arctic Cat UTV?
Textron Specialized Vehicles
Does Yamaha own Arctic Cat?
Arctic Cat’s Snow Division VP/GM, Brad Darling said, “The engine purchasing agreement with Yamaha, combined with the engines we plan to manufacture in house, will provide our consumers with the most well-rounded engine choices when it comes to technology, reliability and horsepower.”
Who makes Arctic Cat engines now?
Who makes Arctic Cat Motors? – Arctic Cat is getting into the engine business. The Thief River Falls maker of snowmobiles and all-terrain vehicles has bought nearly all of its engines from Suzuki, which owns 32 percent of Arctic Cat. The company said most of its engines will still come from Suzuki.
Is Yamaha and Arctic Cat the same company?
Plymouth, MN – Arctic Cat Inc. has entered into an Engine Supply Agreement with Yamaha Motor Corporation to expand its purchase of snowmobile engines starting in the 2014 model year. Arctic Cat initially entered into an agreement to purchase the Yamaha 123cc 4-stroke engines for their youth snowmobile in 2009.
What company bought out Arctic Cat?
Type Subsidiary
———— ———————————
Fate Acquired by Textron
Headquarters Thief River Falls, Minnesota , US
Products All-terrain vehicles Snowmobiles
Revenue US$585.27 million (FY 2012)
Who manufactures Arctic Cat?
Textron Specialized Vehicles
Who bought out Arctic Cat ATV?
Type Subsidiary
———— ———————————
Founder Edgar Hetteen
Fate Acquired by Textron
Headquarters Thief River Falls, Minnesota , US
Products All-terrain vehicles Snowmobiles
Who makes Arctic Cat brand?
Type Subsidiary
—————- ——————————–
Products All-terrain vehicles Snowmobiles
Revenue US$585.27 million (FY 2012)
Operating income US$45.89 million (FY 2012)
