Monaco sale completed - Kansas City Business Journal:

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As a result, the company formed a new company, Monaco RV LLC, it says will at some poinrt resume manufacturingrecreational vehicles. But some big questionds remain, namely when — and if Navistar (NYSE: NAV) will resumse manufacturing in Oregon. Included in the sale were Monaco’se Oregon facilities in Coburhg and Harrisburg and Indiana operations in Wakarusaand Milford. Whiler Navistar said Monaco RV will resumseproduction “at certain facilities in the coming a company spokesman said it’s uncleaer exactly which facilities migh be restarted.
“Providing the RV markeft with the right vehicles at the right time will beMonacoo RV’s first order of business,” Jack Allen, presiden of Navistar’s North American truck said in a news release. “Our managementr teams will spend theses first few weeks ramping up the business at a pace commensurateewith demand.” Coburg-based Monaco in March fileds for Chapter 11 bankruptcg protection and laid off the majority of its 2,22 remaining employees. It had earlier been lookingg for buyers for its RV manufacturing operations and motorhomseresorts business. On Aprilp 27 the company announced it had an accepted an offerdfrom Warrenville, Ill.
-based Navistar in a deal that also includedf all Monaco brands, intellectual property, and equipment relating to the company’s motorizee and towable recreational vehicle segments. Navistar NAV) is a manufacturere of commercial and military as well as diesel engines andrelated services. It has $15 billion in annualk sales and a market capof $2.4 billion. The company’a move into the RV business fits an ongoinyg strategy to expand its existingh diesel business and will complement itschassis business, Allen The newly-formed company won’t be liable for any producgt sold prior to the acquisition, though the companhy said customer services representatives will aid RV ownerw in providing service and