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Fleetwood Enterprises Receives Court Approval to Sell Motor Home Assets to American Industrial Partners.

Publication: PR Newswire
Publication Date: 25-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK and RIVERSIDE, Calif., June 25 /PRNewswire-FirstCall/ -- American Industrial Partners Capital Fund IV, L.P. (AIP) of New York and Fleetwood Enterprises, Inc. (BULLETIN BOARD: FLTWQ) , a leading producer of motorized recreational vehicles and manufactured homes, today reported that the U.S. Bankruptcy Court has approved the sale of Fleetwood's motor home assets to AIP for $53 million, subject to pre-closing conditions and post-closing adjustments. Fleetwood did not conduct an auction because no other qualified bids were received.

"Fleetwood's motor home brands are highly respected, and we are...

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