Fleetwood owner in major buy
Allied Specialty Vehicles, parent company of Fleetwood RV in Decatur, on Thursday announced the purchase of the Monaco, Holiday Rambler and R-Vision recreational vehicle businesses from Navistar, Inc.
Production of the Monaco RV and Holiday Rambler lines will be moved from Wakarusa in Elkhart County to Decatur and could lead to 100 or more new jobs in Adams County starting in 2014, according to company officials.
Jim Meyer, chief operating officer of Allied Specialty Vehicles, told the South Bend Tribune in a story published Thursday that American Industrial Partners, the private equity firm in New York that owns Allied Specialty Vehicles, has been interested in purchasing the RV brands for some time. He said the timing was right and their bid was selected.
Further details in today's print and e-editions.