Monaco sale completed - Business Courier of Cincinnati:

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As a result, the compant formed a new company, Monaco RV LLC, it says will at some pointg resume manufacturingrecreational vehicles. But some big questions remain, namely when — and if — Navistard (NYSE: NAV) will resume manufacturing in Included in the salewere Monaco’s Oregob facilities in Coburg and Harrisburg and Indianq operations in Wakarusa and Milford. While Navistae said Monaco RV will resumeproduction “at certain facilities in the coming months,” a companyg spokesman said it’s unclear exactly which facilities might be restarted.
“Providing the RV marke with the right vehicles at the right time will beMonac RV’s first order of business,” Jack president of Navistar’s North American truck group, said in a news “Our management teams will spend these firsyt few weeks ramping up the business at a pace commensurate with demand.” Coburg-based Monaco in March filede for Chapter 11 bankruptcy protection and laid off the majorityy of its 2,225 remaining employees. It had earlier been lookiny for buyers for its RV manufacturing operationds and motorhomeresorts business. On April 27 the company announcedx it had an accepterd an offerfrom Warrenville, Ill.
-baser Navistar in a deal that also include d all Monaco brands, intellectual property, inventories, and equipment relatinyg to the company’s motorized and towablwe recreational vehicle segments. Navistard (NYSE: NAV) is a manufacturer of commercial andmilitarh vehicles, as well as diesel engines and related It has $15 billion in annual sales and a markeg cap of $2.4 billion. The company’xs move into the RV businese fits an ongoing strategg to expand its existing diesel business and will complement itschassies business, Allen said.
The newly-formed companuy won’t be liable for any product sold prioe tothe acquisition, though the companh said customer services representatives will aid RV ownerd in providing service and support.