News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow16712.7134.81
Nasdaq4465.1812.39
S&P 5001954.874.05
AEP56.120.84
Comcast54.381.16
GE25.48340.0434
ITT Exelis16.59-0.17
LNC49.92460.1846
Navistar34.44-0.26
Raytheon97.204-1.676
SDI22.03-0.12
Verizon48.79320.5732

RV company to close Wakarusa plant, move production to Decatur

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press
Friday, May 17, 2013 - 8:58 am

WAKARUSA — The new owner of Monaco RV plans to shut down a 520-worker northern Indiana factory and shift its production work to another Indiana plant.

Allied Specialty Vehicles announced Thursday it was buying Monaco and several of its brands from Navistar Inc.

Allied executive Jim Meyer says the company owned by a New York-based private equity firm will work on turning around the RV company's financial troubles.

Meyer tells the South Bend Tribune that the Wakarusa factory won't get new production orders and that its work will wind down in August. Production will move to a factory in Decatur near Fort Wayne. Meyer says an undetermined number of jobs will be added in Decatur.

Meyer tells The Elkhart Truth that Allied will try to sell the Wakarusa facilities.