Forest River buys Coachmen's RV business
November 21st, 2008
Coachmen is selling its recreational vehicle business to Forest River.
The particulars of the deal are not yet available, but the sale has been reported in the Wall Street Journal today.
Coachmen CEO Richard Lavers laments that this is “the worst economic crisis our country has endured in our lifetimes.:”
Housing sales at Coachmen are only off 4 percent, but sales of RV’s have fallen more than 50 percent.
Forest River is owned by Warren Buffet’s Berkshire Hathaway.
