Navistar’ Affiliate Purchases Assets Of Monaco Coach
An affiliate of Navistar International has purchased $47 million worth of assets of the recreational vehicle (RV) manufacturing business of Monaco Coach Corporation.
Navistar said that the new company, named Monaco RV LLC, will be a wholly-owned affiliate of Navistar Inc., Navistar's principal operating company.
Jack Allen, President of Navistar's North American truck group, said: “Navistar's entry into the RV business through the purchase of certain Monaco Coach assets fits our strategy of leveraging our assets to expand our diesel business, serve the end customer through robust parts and service, and will complement our Workhorse chassis business.”
“The Monaco brand is a market leader with a strong reputation and Navistar is pleased to add it to our portfolio of leading brands and businesses,” he added.
Monaco Coach had filed for Chapter 11 bankruptcy protection in March. The company’s RV offerings ranges from entry-level vehicles to custom-made luxury models under the Monaco, Holiday Rambler, Safari, Beaver, McKenzie, and R-Vision brands.
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