The Grenadier Forum

Register a free account today to become a member! Once signed in, you'll be able to contribute to the community by adding your own topics, posts, and connect with other members through your own private inbox! INEOS Agents, Dealers or Commercial vendors please use the contact us link at the bottom of the page.

BruderX

CrazyOldMan

Grenadier Owner
Lifetime Supporter
Local time
9:05 PM
Joined
Mar 13, 2024
Messages
1,737
Location
Wisconsin, USA
I know a couple of you have Bruders. How do you (esp the Aussies) view the acquisition of Bruder? I can’t really understand the point from the press releases - kind of just jargon. Is it just a cash-out from the founders? If so, good for them - no issues with that - but couldn’t see anything special that was planned. Do you think the company is stable for the long run?
 
Sounds kike they are going towards the rv market. Interesting with the fall out of ZoneRV.
 
Sounds kike they are going towards the rv market. Interesting with the fall out of ZoneRV.
They had already launched the ADX as a more traditional RV option (and the Grenadier was featured in that marketing) - so I have absolutely no idea. All I know is that based on that press release, I wouldn’t touch it for now until there’s more clarity for the future. Interested to see what our Aussie friends think about it. Wish we had more Australian options here in the US.
 
No inside knowledge here but this article may give some more insight:

The new owners are very experienced in the field, the Bosschieter brothers have stayed on and Melbourne is the centre of Australia's caravan production industry and supply chain (90% of volume and 120+ brands) so seems a good story. I would have thought the expanding Patriot ST range will be putting pressure on the Bruder EXP product so the move into a slightly more main stream offering like the ADX will help keep the company viable?
 
Last edited:
Patriot is definitely going after the Bruder market. While slightly different class, I am "patiently" waiting for a Lifestyle Campers Fusionn that I ordered last October. Even they have been moving towards more offerings with full sidewalls and introduced a tandem axle version of their Iconn line. Scuttlebutt in the Lifestyle groups on FB is they have stopped/paused taking orders for their Reconn line.
 
No inside knowledge here but this article may give some more insight:

The new owners are very experienced in the field, the Bosschieter brothers have stayed on and Melbourne is the centre of Australia's caravan production industry and supply chain (90% of volume and 120+ brands) so seems a good story. I would have thought the expanding Patriot ST range will be putting pressure on the Bruder EXP product so the move into a slightly more main stream offering like the ADX will help keep the company viable?
We’ll have to see how they fare - they whiffed that press release badly enough where I would choose to wait - I had already called their US sales office in Texas several months ago, but this makes me want to wait. Didn’t need to hear all about the philanthropic ventures or that the new owner admired them from afar. Really, really cool caravans - but a lot of money to drop when they don’t have a robust NAM support structure and are going through ownership changes. Glad to hear you guys are feeling positive about it, though!
 
We’ll have to see how they fare - they whiffed that press release badly enough where I would choose to wait - I had already called their US sales office in Texas several months ago, but this makes me want to wait. Didn’t need to hear all about the philanthropic ventures or that the new owner admired them from afar. Really, really cool caravans - but a lot of money to drop when they don’t have a robust NAM support structure and are going through ownership changes. Glad to hear you guys are feeling positive about it, though!
Ironically the biggest risk to these guys and the entire Australian caravan industry is the US operation in Iran. If fuel prices stay elevated the grey nomads will reconsider their plans, deposits will dry up at the same time as input costs start to rise. Fewer progress payments flowing in over the next six to twelve months will result in many operations considering their future.

If I was going to shell out $200K for a pop top camper I would be looking at the second hand market, are there enough of these in the US allowing for choice in the used market?
 
Ironically the biggest risk to these guys and the entire Australian caravan industry is the US operation in Iran. If fuel prices stay elevated the grey nomads will reconsider their plans, deposits will dry up at the same time as input costs start to rise. Fewer progress payments flowing in over the next six to twelve months will result in many operations considering their future.

If I was going to shell out $200K for a pop top camper I would be looking at the second hand market, are there enough of these in the US allowing for choice in the used market?
You guys just have better options - Bruder, Lotus, Patriot - some of them we can get, but service and parts can be sketchy, especially if the company is in trouble. The US market was geared more towards highway cruisers parking in RV lots with water and shore power. I’m just going to wait for now - maybe a few years down the line. Let’s see if Bruder (or I) am still around ;o)
 
You guys just have better options - Bruder, Lotus, Patriot - some of them we can get, but service and parts can be sketchy, especially if the company is in trouble. The US market was geared more towards highway cruisers parking in RV lots with water and shore power. I’m just going to wait for now - maybe a few years down the line. Let’s see if Bruder (or I) am still around ;o)
We have even more options like Vista RV and a few other locally made brands.

 

View: https://youtu.be/DwMUGOb3BDQ

The new Bruder RV CEO interviewed.

I thought the whole thing about assuming contracts and “building the van at a loss” was bizarre. I do a lot of M&A work - when you buy a company, you price in the whole balance sheet. She made it sound like she was doing something extraordinary- but that’s how acquisitions work. It’s how it always works - you are assuming the liabilities of the acquired entity, and that is reflected in the purchase price. Or she could refund the deposits and progress payments and start from scratch. Really the only exception to this is if you buy a company that has declared bankruptcy, liquidated its assets, courts have resolved what assets or refunds depositors get, and you are just buying IP or brand name or something. Just a very weird statement to make - as if in her mind, there is a “BruderX” ledger and a “her” ledger and she is compensating the other at her expense. That’s not an Australian thing or a US thing - that’s just business.

It also sounds like they were in dire straits- to say they “turned the EXP supply chain back on” and were ABOUT to start the ADX line - it sounds like they were being shut off from suppliers and creditors, TBH. And if they really took 10% deposits on 126 ADX units (I think that was the # mentioned), and hadn’t started building any??? That’s a major liquidation scenario, if not possibly more serious consequences. Those comments would definitely raise eyebrows in an investor meeting. Hope they get things back on solid footing - super cool products.
 
Last edited:
I thought the whole thing about assuming contracts and “building the van at a loss” was bizarre. I do a lot of M&A work - when you buy a company, you price in the whole balance sheet. She made it sound like she was doing something extraordinary- but that’s how acquisitions work. It’s how it always works - you are assuming the liabilities of the acquired entity, and that is reflected in the purchase price. Or she could refund the deposits and progress payments and start from scratch. Really the only exception to this is if you buy a company that has declared bankruptcy, liquidated its assets, courts have resolved what assets or refunds depositors get, and you are just buying IP or brand name or something. Just a very weird statement to make - as if in her mind, there is a “BruderX” ledger and a “her” ledger and she is compensating the other at her expense. That’s not an Australian thing or a US thing - that’s just business.

It also sounds like they were in dire straits- to say they “turned the EXP supply chain back on” and were ABOUT to start the ADX line - it sounds like they were being shut off from suppliers and creditors, TBH. And if they really took 10% deposits on 126 ADX units (I think that was the # mentioned), and hadn’t started building any??? That’s a major liquidation scenario, if not possibly more serious consequences. Those comments would definitely raise eyebrows in an investor meeting. Hope they get things back on solid footing - super cool products.
That might explain why my order was delayed so much and then I finally backed out. 👀
 
FWIW: Bruder have recently merged with another company. Family member visited the factory (by appointment) recently. They're in the process of moving to larger premises in an industrial suburb near Brisbane amongst defence contractors which gives them access to other extended capabilities.... The Bruder 6 is no longer in production. They're developing Bruder 5 as the future model between the 4 and the 7. 🤷‍♂️
 
FWIW: Bruder have recently merged with another company. Family member visited the factory (by appointment) recently. They're in the process of moving to larger premises in an industrial suburb near Brisbane amongst defence contractors which gives them access to other extended capabilities.... The Bruder 6 is no longer in production. They're developing Bruder 5 as the future model between the 4 and the 7. 🤷‍♂️
Do they still supply to Australian defense forces or was that a once-and-done thing? EXP such a cool line - hope this makes it an enduring one. If they play their cards right, I think they could absolutely kill in the North American market, but they have to have stability, decent lead times and the ability to back up their warranty (sound familiar, IA???).
 
Do they still supply to Australian defense forces or was that a once-and-done thing? EXP such a cool line - hope this makes it an enduring one. If they play their cards right, I think they could absolutely kill in the North American market, but they have to have stability, decent lead times and the ability to back up their warranty (sound familiar, IA???).
Good point with the US market, specially if they have a ST5 contender. I think the hurdle for US market is the 12+ more like 14 mth wait..... They should start producing this side of the pond in my opinion. Drop costs like so many do when they start building here and really contend. just my two cents or .two cents. lol
 
Good point with the US market, specially if they have a ST5 contender. I think the hurdle for US market is the 12+ more like 14 mth wait..... They should start producing this side of the pond in my opinion. Drop costs like so many do when they start building here and really contend. just my two cents or .two cents. lol
The wait time for a BruderX is similar in Australia. My Vista RV Crossover was about 6 months from order to delivery. Which is on the shorter time frame for made to order. Other brands have shorter wait periods when they just mass produce the same van, with minimal changes.

Until now, all Bruder's work has been bespoke.

It is the new model that is going into mass production. The new CEO gives more info in the video.
 
The wait time for a BruderX is similar in Australia. My Vista RV Crossover was about 6 months from order to delivery. Which is on the shorter time frame for made to order. Other brands have shorter wait periods when they just mass produce the same van, with minimal changes.

Until now, all Bruder's work has been bespoke.

It is the new model that is going into mass production. The new CEO gives more info in the video.
Yeah the ADX (the one featuring the Grenadier in their marketing) would do well in the US. I think people would be OK with a longer wait time for the EXP as well - but at $150k+, they would want assurances on parts and warranty. This kind of drama doesn’t help.
 
Back
Top Bottom