Forest River Acquiring Portions of Coachmen's RV Group

Forest River Inc. is acquiring most of the assets of Coachmen Industries Inc.’s RV Group.
The transaction will include the brands, product lines and central manufacturing operations
in Middlebury, Indiana, as well as the dealership in Elkhart. The modular housing and
specialty vehicle operations, and the new ARBOC mobility bus will remain with Coachmen.
Coachmen CEO Rick Lavers said, “For 44 years, Coachmen has been a leading and respected RV
brand, employing thousands of dedicated and talented people in the communities where we
have operated. With this transaction, we secure the future for this proud brand, and the
employees of our RV Group. This announcement will also end the speculation over whether
Coachmen itself will survive these extraordinarily difficult times, and preserve the jobs
of our employee base, in both our RV and housing segments.” Forest River will offer
continued employment to nearly 85% of the RV Group employees in Indiana, while others will
be transferred to the continuing operations of Coachmen, said Lavers.