EverGreen Recreational Vehicles has purchased the RV business and a manufacturing facility of Skyline Corporation, which has exited the RV business to concentrate on manufactured housing.
The cash price for the RV business and real estate in Bristol, Indiana, was $981,000. EverGreen also acquired the right, but not the obligation, to purchase about $1.6 million worth of inventory at half of Skyline’s cost. Kelly L. Rose, chairman of the board of EverGreen, issued a statement saying, “The EverGreen team is excited to merge Skyline’s talented employees and recognized brand names under the EverGreen RV umbrella. We look forward to furthering the 50-year legacy of Skyline and building on the strengths of two great companies.”