Sunday, March 26, 2006

Firan Motor Coach - news release

Firan Sells U.S. RV Operation to Forest River...


Firan Corporation says it has entered into an agreement to sell certain assets of Firan Motor Coach, Elkhart, IN, to Forest River, Inc., for an undisclosed cash consideration. Firan Corpor-ation, based in Canada, is a manufacturer of electronic systems for air traffic control applications worldwide and is Canada's largest RV manufacturer.


D. Morgan Firestone, Firan's chairman and CEO, said, "Under our agreement, Firan Motor Coach will honor warranties for all Firan produced product through the Firan Motor Coach service center."


Pete Liegl, president, Forest River, Inc., said, "The skilled workforce and excellent production facilities at Elkhart will enable us to increase our fifth-wheel business. Motorhome and fifth-wheel products have much in common in the manufacturing process."


Production activity at the facility is expected to be increased and will require additional employee recruitment.

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