Thursday, June 15, 2006
WINALTA ACQUIRES VANGARD (A CANADIAN DEAL)
RV Business
Thursday, June 15, 2006
Winalta Inc., a publicly owned Canadian company, has acquired the outstanding shares of RV manufacturer Vanguard Inc., North Battleford, Saskatchewan, and now owns 100% of the company that it created in a partnership in 2003.
The financial aspects of the deal – in which Winalta obtained 30% of Vanguard shares that were outstanding – were not disclosed.
Winalta, based in Edmonton, Alberta, produced manufactured homes and modular housing until 2003 when it acquired the assets of bankrupt Peak Manufacturing Inc., and formed Vanguard as the majority owner.
Vanguard manufactures Vanguard, Frontier, Security and Kodiak Class C motorhomes, fifth-wheels and travel trailers from plants in North Battleford and Thetford Mines, Quebec.
Initially, Winalta planned to proceed with Peak's plans to produce a U.S. version of its Kodiak minimotorhome in South Bend, Ind., but later decided against the move.
Winalta President Frank Dixon said in a press release that Vanguard recently debuted a line of industrial trailers particularly suited for harsh Canadian weather.
“We anticipate that as we go forward our new industrial line of trailers will provide oil workers and others working in the north the reliability, accommodations and communication support to be comfortable in a harsh climate,” Dixon said. “This will help Vanguard improve profitability and contribution to Winalta Inc.”
Thursday, June 15, 2006
Winalta Inc., a publicly owned Canadian company, has acquired the outstanding shares of RV manufacturer Vanguard Inc., North Battleford, Saskatchewan, and now owns 100% of the company that it created in a partnership in 2003.
The financial aspects of the deal – in which Winalta obtained 30% of Vanguard shares that were outstanding – were not disclosed.
Winalta, based in Edmonton, Alberta, produced manufactured homes and modular housing until 2003 when it acquired the assets of bankrupt Peak Manufacturing Inc., and formed Vanguard as the majority owner.
Vanguard manufactures Vanguard, Frontier, Security and Kodiak Class C motorhomes, fifth-wheels and travel trailers from plants in North Battleford and Thetford Mines, Quebec.
Initially, Winalta planned to proceed with Peak's plans to produce a U.S. version of its Kodiak minimotorhome in South Bend, Ind., but later decided against the move.
Winalta President Frank Dixon said in a press release that Vanguard recently debuted a line of industrial trailers particularly suited for harsh Canadian weather.
“We anticipate that as we go forward our new industrial line of trailers will provide oil workers and others working in the north the reliability, accommodations and communication support to be comfortable in a harsh climate,” Dixon said. “This will help Vanguard improve profitability and contribution to Winalta Inc.”
