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Coachmen Industries Proposes to Acquire KanBuild

20 November 2000

Acquisition Furthers Strategic Plan to Grow Modular Segment

    ELKHART, Ind. - Coachmen Industries, Inc., a leading full line producer 
of recreational vehicles and the nation's largest producer of modular housing, 
and KanBuild, Inc., a quality manufacturer of modular buildings located in the 
Central Midwest, announced today that they have signed a Proposal to Purchase 
KanBuild, Inc. The Proposal would allow Coachmen to acquire all the outstanding 
common and preferred stock of KanBuild, subject to the approval of both boards, customary due diligence, entry into a Definitive Purchase Agreement and 
satisfaction of other conditions.

    KanBuild, founded in 1989, is a privately held company that specializes in
customized construction of modular buildings for residential, multi-family and
commercial uses. KanBuild designs are contemporary, functional and attuned to
the most progressive trends in the building industry. The company, with 1999
sales of $28 million, has plants located in Osage City, Kansas; Loveland,
Colorado; and is building a new, larger plant in Millikin, Colorado.

    "This acquisition strengthens our position in modular construction and
fits our strategic plan to expand this core business of Coachmen," stated
Claire C. Skinner, Chairman, CEO and President at Coachmen. "The KanBuild
acquisition will be the third expansion by Coachmen of its modular business
this year."  In June Coachmen acquired all of the outstanding shares of
Mod-U-Kraf, Inc., a modular home and special products manufacturer
headquartered in Rocky Mount, Virginia. In October Coachmen completed its
acquisition of Miller Building Systems, Inc.  Miller, based in Elkhart,
Indiana, is one of the nation's premier manufacturers of commercial modular
buildings.

    "Joining Coachmen will afford KanBuild the opportunity to continue its
growth and implement its strategic plan. We are very pleased to have the
opportunity to become part of the Coachmen team given the company's financial
strength and commitment to modular housing growth, its customers and
employees," commented John Samples, KanBuild's President.  Under the
agreement, KanBuild's current management team will remain in place, as will
the company's approximately 360 employees.

    Coachmen Industries, Inc. is one of the nation's leading full-line
manufacturers of recreational vehicles and modular construction.  Coachmen is
one of the industry's best-known brand names of RVs and All American Homes,
one of the company's modular subsidiaries, is America's leading producer of
modular homes. Coachmen is a publicly held company with stock listed on the
New York Stock Exchange (NYSE) under the COA ticker symbol.