Fleetwood
sells folding trailer division
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Fleetwood
sells
folding
trailer
division
The
following
is
from
a
Fleetwood
press
release
on
4/30/2008:
Fleetwood
announced
that
it
has
signed
a
definitive
agreement
for
the
sale
of
Fleetwood
Folding
Trailers,
Inc.,
located
in
Somerset,
Pa.
The
sale
is
subject
to
customary
closing
conditions
including
bank
approval,
with
a
substantial
part
of
the
proceeds
expected
to
be
used
to
partially
pay
down
the
existing
real
estate
term
loan.
The
Company
emphasized
that
no
further
disclosure
will
be
provided
until
either
the
sale
closes
or
the
transaction
is
terminated.
"The
folding
trailer
division
has
not
proven
to
be
particularly
synergistic
with
the
rest
of
our
RV
businesses,"
Smith
said.
"Going
forward,
we
intend
to
direct
our
focus
to
the
remaining
higher-volume
RV
and
Housing
businesses,
with
a
particular
emphasis
on
completing
the
turnaround
of
our
travel
trailer
division.
The
successful
closure
of
the
folding
trailer
transaction
will
contribute
significantly
to
our
goal
of
focusing
on
core
businesses
and
adjusting
to
changing
markets."
Hal
:
Travel trailers, I think will be the next important focus for the RV industry because of obvious factors like the cost of fuel and also because of the poor track record of RV Coaches and the fact that they have disappointed so many people. I hope that Fleetwood, once they consolidate will concentrate more on quality control.
See
what
people
say
about
Fleetwood
RVs
Other
RoTi
news
items
about
this
company
or
subject:
"A special motor home because it includes the best aspects of both a Class A and a Class C motor home," said John Draheim, CEO of Fleetwood RV - RV press release