Saturday, July 18, 2009

Fleetwood closes sale of motorhome assets

RIVERSIDE, Calif., July 17 /PRNewswire-FirstCall/ -- Fleetwood Enterprises, Inc. a leading producer of motorized recreational vehicles and manufactured homes, today 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 continues to own two idled motor home plants in Pennsylvania and California, although the Riverside, Calif. plant will be operated temporarily by AIP under license.

The sale includes two motor home manufacturing facilities, two motor home service facilities, and Fleetwood's Gold Shield supply subsidiary, all presently located in Decatur, Indiana. It also includes the intellectual property for Fleetwood's existing motor home brands and certain machinery and equipment in Riverside, California.

Additional information about Fleetwood's reorganization may be found online in the news section of www.fleetwood.com or at www.kccllc.net/fleetwood.
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Malia's Checklists
After almost 6 years of fulltiming, Malia is often asked for tips to help the newbie hit the road. Here checklist is an important part of the process. It's always a good idea to review safety steps no matter how many times you've performed them and Malia share things she learned from her own experience (sometimes found out the "hard way"). She also had lots of expert input from those more experienced in areas less familiar to me. An RV salesman with over 20 years experience helped with the PDI process, a long-time trailer and 5th wheel tower overlooked that section. These lists were designed to be easy to use, broken down into four stages so you can print out just exactly what you need along the way. To Get More Info and To Buy, Click Here!





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