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Coachmen To Idle North Carolina Plant

March 11, 2009 (FinancialWire) -- Coachmen Industries, Inc. (NYSE: COA) (Current Market Cap: US$11.72 Mil.) said it plans to temporarily close its Rutherfordton, North Carolina production facility, in a cost savings move, until the regional housing market strengthens. Around ninety employees will be affected.

The plant, operating under the brand name All American Homes of North Carolina, will continue current operations until all production orders are completed and shipped.

Future orders will be fulfilled at the company's nearby Rocky Mount, Virginia facility. Coachmen said it is making adjustments to accommodate the needs of all of its builders during this consolidation period.

The company said that, if additional orders are obtained to continue production at acceptable levels before the current orders are completed, operations may extend longer. Coachmen said that All American Homes is not leaving the Middle Atlantic market and expects no interruption in its service levels to its builder clients.

Elkhart, Indiana-based Coachmen Industries provides systems-built construction products and services under the All American Homes and Mod-U-Kraft brands. The company also makes specialty vehicles.

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