Fleetwood Enterprises

History

Fleetwood RV's origins date back to 1950, when John C. Crean formed Coach Specialties Company in southern California, as a maker of window blinds for travel trailers. Around 1953, Crean renamed the company to Fleetwood Trailer Company, a name inspired by the automotive bodies incorporated into various Cadillac lines of automobiles. In 1957, the company was reincorporated as Fleetwood Enterprises, Inc.

During its first dozen years, the company moved from Compton to Paramount to Anaheim. It moved again in 1962 to Riverside, California. Fleetwood became a public company in 1965, reporting annual sales of $18.5 million. The company became part of the Fortune 500 in 1973, remaining there for nearly three decades. By 1989, Fleetwood RVs sales reached the one billion dollar milestone; five years later, it hit the same milestone in its sales of manufactured homes.

21st century

In November 2008, Fleetwood Enterprises announced it was closing several factories across the United States. On March 10, 2009, the company filed for bankruptcy under Chapter 11 of the United States Code and announced the closing of its travel trailer division.

On July 17, 2009, the private equity firm American Industrial Partners ("AIP") acquired the motorized recreational vehicle assets from the company. The next month, Cavco Industries acquired the manufactured housing division. Fleetwood RV is now headquartered in Decatur, Indiana. In 2010, AIP combined Fleetwood with E-One, Collins Industries and Halcore Group to form Allied Specialty Vehicles. On February 2, 2010, Heartland Recreational Vehicles acquired the remaining active trademarks of the towable brands of Fleetwood Enterprises, Inc.

References

References

1. (15 March 2022). "Home".
2. [http://www.pe.com/business/local/stories/PE_Biz_S_fleetwood01.399f479.html Riverside-based Fleetwood Enterprises, years into an attempted turnaround, will be delisted Monday]{{Dead link. (August 2023)
3. Larson, Erik. (March 10, 2009). "Fleetwood Enterprises, RV Maker, Seeks Bankruptcy (Update2)". Bloomberg.
4. (July 17, 2009). "American Industrial Partners Completes Acquisition of Fleetwood Motorized Recreational Vehicle Business, Including the Goldshield Fiberglass Supply Business". American Industrial Partners.
5. (August 24, 2010). "American Industrial Partners Announces the Formation of Allied Specialty Vehicles, Inc., a Leading Manufacturer of Specialty Vehicles in North America". American Industrial Partners.
6. (2010-02-03). "article, "Heartland Acquires Fleetwood Towable Brands"". Rvbusiness.com.
7. "Gale Directory of Company Histories: Fleetwood Enterprises, Inc.". link. [[Gale (publisher). Gale]] Directory. [[Answers.com]]
8. Pierceall, Kimberly. (September 27, 2011). "Fleetwood leaves trail of prosperous times". [[The Press-Enterprise]].