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Article: Fleetwood Enterprises Completes Sale of Motor Home Assets to American Industrial Partners.
- Article from:
- Real Estate Weekly News
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fleetwood Enterprises, Inc. (BULLETIN BOARD: FLTWQ) , a leading producer of motorized recreational vehicles and manufactured homes, announced the closing of the previously announced sale of its motor home assets to American Industrial Partners Capital Fund IV, L.P. (AIP). The purchase price of $33.2 million is inclusive of certain assumed liabilities and is subject to customary post-closing adjustments.
Concurrently, Fleetwood terminated approximately 700 employees associated with this portion of its business. Affected employees were notified earlier this week. The new owners are expecting to hire approximately 650 employees over the next several weeks. Fleetwood ...
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