Polaris to Close Osceola Plant Amid Motorcycle Business Restructuring

Motorcycle engine and powertrain production to shift to other Minnesota facilities as part of Indian Motorcycle spinoff.

Published on Feb. 18, 2026

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Polaris Industries has announced plans to close its manufacturing facility in Osceola, Wisconsin by the end of 2026, affecting around 200 jobs. The closure is directly tied to Polaris' restructuring of its motorcycle business, including the spinoff of its Indian Motorcycle brand into a separate company with a majority stake sold to a private equity firm.

Why it matters

The Osceola plant has been a key part of Polaris' motorcycle operations for over 30 years, producing engines and powertrain components. Its closure represents a significant shift as the company refocuses its motorcycle business and transitions production to other facilities in Minnesota.

The details

Polaris says that as part of the Indian Motorcycle spinoff, the brand's production facilities in Monticello and Spirit Lake, Minnesota will transfer to the new ownership group. Meanwhile, the engine and clutch work currently handled at the Osceola plant will be relocated to Polaris' existing plant in Roseau, Minnesota.

  • Polaris announced the Osceola plant closure and Indian Motorcycle spinoff in February 2026.
  • The Osceola facility is expected to cease operations by the end of 2026.

The players

Polaris Industries

A major American manufacturer of powersports vehicles and accessories, including motorcycles, snowmobiles, and all-terrain vehicles.

Indian Motorcycle

A historic American motorcycle brand that was acquired by Polaris in 2011 and is now being spun off into a separate company with majority ownership by a private equity firm.

Mike Speetzen

The CEO of Polaris Industries.

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What they’re saying

“The deal is designed to allow both companies to move faster and focus on their strongest growth opportunities, while creating long-term value for shareholders.”

— Mike Speetzen, CEO, Polaris Industries (river967.com)

What’s next

Polaris has not yet provided details on severance packages or transition assistance for the 200 workers affected by the Osceola plant closure.

The takeaway

The closure of Polaris' Osceola facility marks the end of over 30 years of motorcycle component manufacturing in the Wisconsin town, as the company reshuffles its motorcycle business to focus on growth opportunities through the Indian Motorcycle spinoff.