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Coachmen Industries, Inc. Completes Sale of RV Group Assets


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MIDDLEBURY, Ind., December 29, 2008: Coachmen Industries, Inc. today announced that on Dec. 26, 2008 the Company closed on the sale of nearly all of the assets of its Recreation Vehicle business to Forest River, Inc. The sale had been overwhelmingly approved by the Shareholders the previous week.

"While the housing markets remain under intense pressure Coachmen Industries, Inc. has substantially strengthened the financial stability of our Company with the completion of the sale of our RV group. Our Company is restructured as a systems-built housing company with a growing specialty vehicle business. Our headquarters will remain in Elkhart County," commented Rick Lavers, CEO of Coachmen.