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Article: American Industrial Bids for Fleetwood Enterprises.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- May 25, 2009
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Byline: Jonathan Marino
Fleetwood Enterprises, the listed, Oregon RV-maker, will sell its vehicle business to New York private equity firm American Industrial Partners.
Provided that the American Industrial bid is approved today, other bids will be accepted until Jun 18 and the business' auction would take place on June 22.
American Industrial Partners, provided it is successful, will be taking over Fleetwood's motor home business, and not its closed travel-trailer plants, including five plants in Decatur, Indiana, and the target's motor home brands.
The business will be sold for $53 million, and comes just as the company is also ...