Navistar Sells Recreational Vehicle Business
Posted on May 16, 2013
Calling it “another important step in company's turnaround plan,” Navistar, Inc., said that Allied Specialty Vehicles (ASV), a $1 billion sales producer of specialty vehicles to the fire and emergency, commercial and industrial and recreational vehicles markets worldwide, has purchased certain assets of Navistar RV, a manufacturer of motorized and towable recreational vehicles, which includes the Monaco, Holiday Rambler and R-Vision brands.
The purchase was structured as a purchase of all of the equity interests of Navistar RV and includes the manufacturing operations for Navistar's R-Vision and Holiday Rambler towable units in Harrisburg, Ore. and Navistar's Monaco and Holiday Rambler brand motorized RVs in Wakarusa, Ind. ASV has also entered into a multi-year leasing agreement for Navistar RV's Elkhart, Ind., facility. The sale does not include Bison Coach, Navistar's horse trailer manufacturing business.