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Navistar Sells Recreational Vehicle Business


kscarbel
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Bloomberg / May 17, 2013

Navistar International Corp. said it sold its recreational vehicle business to Allied Specialty Vehicles Inc. No terms were disclosed.

(Navistar's RV business, the former Monaco Coach Corp., produces the Holiday Rambler, Monaco and R-Vision brands in Wakarusa and Elkhart, Indiana.)

Navistar is concentrating on its main business “and the sale of Navistar RV represents another important step,” said Chief Operating Officer Jack Allen.

Allied Specialty Vehicles, based in Orlando, Florida, also entered into a leasing agreement for the Navistar recreational vehicle plant in Elkhart, Indiana.

The sale doesn’t include Bison Coach, Navistar’s horse trailer manufacturing business.

http://www.navistar.com/navistar/globalportfolio/products/rv

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