Business Wire

Starcraft Announces Sale of Bus and Mobility Vehicle Business.

Business Wire | August 22, 2001 | Copyright

Business Editors

GOSHEN, Ind.--(BUSINESS WIRE)--Aug. 22, 2001

Starcraft Corporation (OTCBB:STCR.OB) today announced that it has sold its Bus and Mobility business and its Goshen real estate to Forest River, Inc. for $8.3 million in cash, plus a potential amount of $500,000 based on future earnings. Starcraft will retain its OEM automotive supply business, Tecstar, LLC. Proceeds from the transaction will be used to reduce bank debt, thereby strengthening the balance sheet.

In addition, Starcraft's President and Chief Operating Officer, Michael H.…

Read the rest of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Starcraft Announces Sale of Bus and Mobility Vehicle Business.
Business Wire ...22, 2001 Starcraft Corporation...has sold its Bus and Mobility business and its Goshen...be leaving Starcraft to join Forest...manage the bus and mobility business. Kelly L...and CEO of Starcraft Corporation...

For more facts and information, see all results

Find more facts and information related to the article Starcraft Announces Sale of Bus and Mobility ...