Friday, May 02, 2008

Alfa Leisure shuts its doors

Ontario, CA –Motor home and luxury 5th wheel manufacturer Alfa Leisure announced they have ceased operations as of April 30th, 2008. The shutdown will impact about 150 employees.

“This is a sad day for Alfa Leisure and for the RV community” stated Founder and CEO Johnnie Crean, “We gave this company our all, fought tooth and nail and in spite of a Herculean effort, could not overcome the financial headwinds that continue to plaque our industry.”

Known for RV designs that bucked most trends and tended to focus on the genuine enthusiast, Alfa had attracted a loyal following and was in the midst of a turnaround that under different circumstances might have produced far better results. Ongoing challenges with key supplier Crane Composites further exacerbated the situation.

“Alfa has been fighting an uphill battle and the final straw was certainly Crane’s unwillingness to stand behind their product” stated Crean. “We’d like to thank all of the owners and dealers who over the past thirty five years have been our catalyst and our inspiration.” Crean went on to say that “about 90 days ago we were excited to bring in a high powered new management team to try and save us, but it was far too late. The Crane issue quite simply became insurmountable”

There are currently no plans for additional operations and the company shutdown is just one of a growing number of RV manufacturers that have closed their doors. As housing values have dropped, many potential buyers have lost the equity in their homes they had in the past used to purchase big-ticket items.
Camping World Internet Only Specials

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]