Fleetwood RV, now under new ownership, has reopened its recreational vehicle manufacturing plant in Decatur, Ind.
Following the sale of Fleetwood Enterprises’ motor home division and Goldshield Fiberglass assets to private-equity firm American Industrial Partners Capital Fund IV LP in July, the newly established Fleetwood RV has recalled over 600 associates and plans to create an additional 300 jobs at its Decatur headquarters by 2012.
Under the new ownership, Fleetwood RV is consolidating its California and Pennsylvania manufacturing operations in Decatur and plans to invest $7.4 million in building improvements, machinery and equipment, and retooling. The company will also relocate $8 million in equipment from its out-of-state operations.
The Indiana Economic Development Corp. offered Fleetwood RV up to $9 million in performance-based tax credits and up to $100,000 in training grants based on the company’s job creation plans.