Coachmen Industries Expands Modular Sector; Board Declares Dividend; CFO Change

    ELKHART, Ind., Feb. 14 Coachmen Industries, Inc.
, a leading full line manufacturer of recreational vehicles and the
nation's largest producer of modular homes, has completed its acquisition of
all the outstanding shares of KanBuild, Inc.  The purchase officially adds
KanBuild, Inc., based in Osage City, Kansas, to Coachmen's expanding modular
housing and building segment.
    KanBuild is an established modular home producer with revenues in 2000 of
$30 million and pretax earnings of $1.8 million. It will become part of
Coachmen's highly respected All American Homes housing group and represents a
strategic westward expansion of its distribution.  KanBuild has plants in
Osage City, Kansas and Loveland, Colorado.  Currently operating with a
favorable backlog of orders, a new, larger plant is presently under
construction in Millikin, Colorado and is expected to be completed and in
production during March 2001, adding capacity and a 'best in class' production
facility.
    "We're delighted to welcome KanBuild, a company with excellent management,
products, builder organization and growth potential, to the Coachmen family.
This latest modular acquisition is another major step within our strategic
plan to expand this core business segment," noted Claire C. Skinner, Chairman,
CEO and President of Coachmen.  "With plants in both Kansas and Colorado,
KanBuild will allow Coachmen to aggressively extend the reach of our modular
housing and building segment."
    Coachmen's strategy to balance its recreational vehicle and modular
segments with internal and external growth has been significantly advanced
during the last year with the acquisition of Mod-U-Kraf Homes, Inc. and Miller
Building Systems, Inc.  Mod-U-Kraf, a manufacturer of modular single and
multi-family homes and other special modular structures, is located in Rocky
Mount, Virginia.  Miller Building Systems, Inc. is headquartered in Elkhart,
Indiana and has manufacturing locations in Indiana, New York, Pennsylvania,
South Dakota and Vermont.  Miller Building Systems designs and manufactures
factory-built modular structures for use as commercial modular buildings and
telecommunications shelters.
    These recent acquisitions, with the addition of KanBuild, represented
annual net sales of approximately $123 million during the most recent fiscal
years prior to acquisition.
    "The combining of these two great companies heralds a new age of quality
and market dominance in the modular housing industry," said John Samples,
KanBuild President.  "We look forward to expanding the Coachmen's modular
reach with new products, new markets and a new state of the art manufacturing
facility."
    In other news, during its regular meeting this month, Coachmen's Board of
Directors approved a five cents per share dividend to shareholders of record
as of February 22, 2001.  This is the 74th consecutive quarter that Coachmen
Industries has paid dividends.
    Coachmen also announced that its Chief Financial Officer, James E. Jack,
has left the Company to pursue other opportunities.  "We would like to wish
Jim the best of success in his new endeavors," said Chairman Skinner.
Coachmen's Executive Vice President, General Counsel & Secretary, Rick Lavers,
has assumed the role of interim CFO, while a search is conducted for a
permanent replacement.  At the same time, Tom Martini, formerly CFO of
recently acquired Miller Building Systems, Inc., also a publicly held company
before being acquired by Coachmen, has been promoted to the position of
Coachmen's Vice President for Financial Affairs.  Ms. Skinner concludes, "We
believe that these moves are positive for all concerned and we look forward to
new and expanded opportunities that are frequently the result of staff
reorganization."
    Coachmen Industries, Inc., founded in 1964, is one of the nation's leading
full-line manufacturers of recreational vehicles.  The company is also a
leader in modular housing and building.  Coachmen is one of the industry's
best-known brand names of RVs and All American Homes, one of the company's
modular housing and building 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.
    This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.  Investors are cautioned not
to place undue reliance on forward-looking statements, which are inherently
uncertain. Actual results may differ materially from that projected or
suggested due to certain risks and uncertainties including, but not limited to
the potential fluctuations in the company's operating results, the
implementation of its enterprise-wide software, the availability and pricing
of gasoline, the company's dependence on chassis suppliers, interest rates,
competition, government regulations, legislation governing the relationships
of the company with its recreational vehicle dealers, the impact of economic
uncertainty on high-cost discretionary product purchases and other risks
identified in the company's SEC filings.