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Article: Fleetwood Enterprises Receives Court Approval to Sell Motor Home Assets to American Industrial Partners.
- Article from:
- Real Estate Weekly News
- Article date:
- July 10, 2009
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American Industrial Partners Capital Fund IV, L.P. (AIP) of New York and Fleetwood Enterprises, Inc. (BULLETIN BOARD: FLTWQ) , a leading producer of motorized recreational vehicles and manufactured homes, reported that the U.S. Bankruptcy Court has approved the sale of Fleetwood's motor home assets to AIP for $53 million, subject to pre-closing conditions and post-closing adjustments. Fleetwood did not conduct an auction because no other qualified bids were received.
"Fleetwood's motor home brands are highly respected, and we are confident that this market will recover with the broader economy," said Dino Cusumano, Partner of AIP. "We look forward to continuing ...