Fleetwood Announces Restructuring of Manufacturing Operations
- Six Housing Group plants and two travel trailer plants to be consolidated into existing facilities -
RIVERSIDE, Calif., Nov. 24 /PRNewswire-FirstCall/ — Fleetwood Enterprises, Inc. (NYSE: FLE - News) announced today the consolidation of several manufacturing facilities in coordinated actions designed to match current production to market demand and improve capacity utilization.
The Company has notified its associates of the closures at its manufactured housing plants in Woodland, Calif.; Auburndale, Fla.; Willacoochee, Ga.; Benton, Ky.; and Pembroke, N.C. All of these plants will work through the orders they currently have and will begin transitioning production to some of the remaining 13 Fleetwood Housing Group facilities. They are expected to close within approximately 60 days. The Company’s Trendsetter Homes plant in Douglas, Ga., which is one of two producing modular housing, will also be closed, effective immediately.
Impending closure announcements were also made at Fleetwood’s travel trailer manufacturing centers in Crawfordsville, Ind. and Mexicali, Mexico. After the transition, all of the Company’s travel trailers and fifth wheels will be produced in its three existing plants in Ohio and Oregon.
Debt Consolidation Information
