WAKARUSA, Ind. — The new owner of Monaco RV plans to shut down a 520-worker northern Indiana factory and shift its production work to another Indiana plant.
Allied Specialty Vehicles announced Thursday it was buying Monaco and several of its brands from Navistar Inc.
Allied executive Jim Meyer says the company owned by a New York-based private equity firm will work on turning around the RV company’s financial troubles.
Meyer tells the South Bend Tribune the Wakarusa factory won’t get new production orders and that its work will wind down in August. Production will move to a factory in Decatur, near Fort Wayne. Meyer says an undetermined number of jobs will be added in Decatur.
Meyer tells The Elkhart Truth that Allied will try to sell the Wakarusa facilities.