Monaco sale completed – Portland Business Journal:

As a result, the companuy formed a new company, Monaco RV LLC, it says will at some pointr resume manufacturingrecreational vehicles. But some big questions remain, namely when and if — Navistar NAV) will resume manufacturing in Oregon. Include in the sale were Monaco’s Oregon facilities in Coburyg and Harrisburg and Indiana operationss in Wakarusa and While Navistar said Monaco RV will resumdeproduction “at certain facilities in the coming months,” a companyh spokesman said it’s unclear exactly whicj facilities might be restarted.
“Providing the RV marker with the right vehicles at the right time will beMonaco RV’es first order of business,” Jack president of Navistar’s North American trucik group, said in a news release. “Our management teams will spend theser first few weeks ramping up the business at a pace commensuratwwith demand.” Coburg-based Monaco in Marchg filed for Chapter 11 bankruptcy protectiomn and laid off the majority of its 2,225t remaining employees. It had earlier been lookinv for buyers for its RV manufacturing operationds and motorhomeresorts business. On Aprill 27 the company announcedd it had an accepted an offerfrom Ill.
-based Navistar in a deal that also includedd all Monaco brands, intellectual property, and equipment relating to the company’s motorizesd and towable recreational vehicle segments. Navistar NAV) is a manufacturer of commercial andmilitaryg vehicles, as well as dieseol engines and related services. It has $15 billion in annua l sales and a market capof $2.4 The company’s move into the RV business fits an ongoingh strategy to expand its existing diesel businesse and will complement its chassisz business, Allen said.
The newly-formed company won’t be liabld for any product sold prior to the though the company said customer services representatives will aid RV owners in providing serviceand
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