REV Group Completes Sale of ENC, its Transit Bus Business
18 Octubre 2024 - 8:00AM
Business Wire
REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading
specialty vehicle brands, announced plans earlier this year to exit
the bus manufacturing business and today reports the finalized sale
of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a
purchase price of approximately $52 million. REV Group intends to
use the net proceeds from the sale to pay down outstanding
borrowings under the company’s ABL credit facility.
“ENC has a long history with five decades in the mass transit
industry, so we are delighted the brand is set to continue under
Rivaz. I want to thank our customers as well as ENC employees and
dealers for their support during this period of transition,” said
Mark Skonieczny, President and CEO of REV Group.
About REV Group, Inc.
REV Group companies are leading designers and manufacturers of
specialty vehicles and related aftermarket parts and services,
which serve a diversified customer base, primarily in the United
States, through two segments: Specialty Vehicles and Recreational
Vehicles. The Specialty Vehicles Segment provides customized
vehicle solutions for applications, including essential needs for
public services (ambulances and fire apparatus) and commercial
infrastructure (terminal trucks and industrial sweepers). REV
Group’s Recreational Vehicles Segment manufactures a variety of RVs
from Class B vans to Class A motorhomes. REV Group's portfolio is
made up of well-established principal vehicle brands, including
many of the most recognizable names within their industry. Several
of REV Group's brands pioneered their specialty vehicle product
categories and date back more than 50 years. REV Group trades on
the NYSE under the symbol REVG. Investors-REVG
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241017634702/en/
Investor Relations Drew Konop VP Investor Relations &
Corporate FP&A +1.262.957.4594 (mobile)
investors@revgroup.com
Media Relations Julie Nuernberg Sr Director Marketing
& Communications +1.262.389.8620 (mobile)
julie.nuernberg@revgroup.com
REV (NYSE:REVG)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
REV (NYSE:REVG)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024