Monaco sale completed - Business Courier of Cincinnati:

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As a result, the company formed a new MonacoRV LLC, it says will at some point resume manufacturing recreational vehicles. But some big questions remain, namely when and if — Navistar (NYSE: NAV) will resume manufacturinh in Oregon. Included in the sale were Monaco’ds Oregon facilities in Coburg and Harrisbury and Indiana operations in Wakarusaand Milford. Whil Navistar said Monaco RV will resumeproductioh “at certain facilities in the coming a company spokesman said it’s uncleaer exactly which facilities might be restarted.
“Providinf the RV market with the right vehicles at the righr time will beMonaco RV’s first order of Jack Allen, president of Navistar’s North American truci group, said in a news release. “Our managementr teams will spend these first few weeks ramping up the businesxs at a pace commensurateswith demand.” Coburg-based Monaco in March filed for Chapter 11 bankruptcy protectionb and laid off the majority of its 2,225 remaining It had earlier been looking for buyersa for its RV manufacturing operations and motorhomes resorts business. On April 27 the companyu announced it had an accepted an offerfrom Warrenville, Ill.
-basedx Navistar in a deal that also includee all Monaco brands, intellectual property, inventories, and equipment relating to the company’s motorized and towable recreational vehicle segments. Navistar NAV) is a manufacturer of commercial andmilitar vehicles, as well as diesel engines and related services. It has $15 billion in annualp sales and a market capof $2.4 The company’s move into the RV business fits an ongoint strategy to expand its existing diesel business and will complementy its chassis business, Allen said.
The newly-formed companu won’t be liable for any product sold prior to the though the company said customer services representatives will aid RV ownersd in providing serviceand support.