May 16, 2013
/PRNewswire/ -- Navistar, Inc., confirmed today that
Allied Specialty Vehicles (ASV), a leading
sales producer of specialty vehicles to the Fire & Emergency, Commercial & Industrial and recreational vehicles markets worldwide, has purchased certain assets of Navistar RV, a leading manufacturer of motorized and towable recreational vehicles, which includes the
, Holiday Rambler
The purchase was structured as a purchase of all of the equity interests of Navistar RV and includes the manufacturing operations for Navistar's R-Vision and Holiday Rambler towable units in
and Holiday Rambler brand motorized RVs in
ASV has also entered into a multi-year leasing agreement for Navistar RV's
, facility. The sale does not include Bison Coach, Navistar's horse trailer manufacturing business.
"We continue to focus on our
core businesses and the sale of Navistar RV represents another important step in our Return-On-Invested-Capital review process," said
, Navistar chief operating officer. "These are three strong brands with world-class products and ASV will be able to create more value in the business than we could ourselves."
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines and IC Bus™ brand school and commercial buses. The company's subsidiaries and affiliates also produce truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at
SOURCE Navistar International Corporation