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In 1982, Thor acquired the Canada-based General Coach, a manufacturer of travel trailers and motorhomes. Thor restructured Airstream and returned Airstream to profitability within one year. Thompson and Orthwein had also previously acquired the Hi-Lo Trailer Company. Airstream had not fared well during the economic downturn of the late 1970s, losing $12 million the year before it was acquired. The name "Thor" combined the first two letters of each entrepreneur's name. Thompson and Peter Busch Orthwein acquired Airstream from Beatrice Foods. was founded on August 29, 1980, when Wade F. History 1980–1987: Foundation, acquisition of Airstream, going public 1.4 2013–present: Acquisitions of Jayco and Hymer.1.3 2005–2012: Acquisition of more RV brands, sale of bus division.1.2 1988–2012: Expansion into bus market, further RV acquisitions.1.1 1980–1987: Foundation, acquisition of Airstream, going public.