Truck News

News

Navistar sells off recreational vehicle business

LISLE, Ill. -- Navistar has sold off its recreational vehicle business, Navistar RV, to Allied Specialty Vehicles (ASV), a producer of specialty vehicles to the fire/emergency, commercial/industrial and recreational vehicle markets. The...


LISLE, Ill. — Navistar has sold off its recreational vehicle business, Navistar RV, to Allied Specialty Vehicles (ASV), a producer of specialty vehicles to the fire/emergency, commercial/industrial and recreational vehicle markets.

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., officials announced. 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.

“We continue to focus on our North America core businesses and the sale of Navistar RV represents another important step in our Return-On-Invested-Capital review process,” said Jack Allen, Navistar chief operating officer. “These are three strong brands with world-class products and ASV will be able to create more value in the business than we could ourselves.”


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*