CHARLOTTE, Mich., Sept. 23 /PRNewswire/ — Spartan Motors Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), today announced Fleetwood RV, Inc., will begin offering its 2010 Fleetwood RV brand Class A motorhomes on Spartan’s custom diesel chassis.
The contract calls for the Charlotte, Mich.-based chassis manufacturer of recreational vehicles, fire trucks, defense and specialty vehicles to design, engineer and assemble chassis for integration with Fleetwood RV’s coaches. Delivery of the custom chassis to Fleetwood RV is scheduled to begin in October.
“Despite continued economic uncertainty in 2009, Spartan has been focused on leveraging its operational and strategic agility, as well as customization in order to meet customer requirements in the RV market,” said John Sztykiel, president and CEO of Spartan Motors. “Our proactive business initiatives and strong brand have resulted in an opportunity to continue, and expand, a valuable business partnership in a core market. This order is a very positive development for Spartan, Fleetwood RV and the market as a whole.”
In addition to this new Fleetwood RV brand opportunity, Spartan also supplies all the diesel chassis for Fleetwood RV’s American Coach brand.
About Spartan Chassis, Inc.
Spartan Motors Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), is a leading developer and manufacturer of custom chassis for recreational vehicles, fire trucks, defense and specialty vehicles. Spartan Motors (theshyftgroup.com) which also manufactures emergency rescue vehicles under the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported sales of $844.4 million in 2008 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.
About Fleetwood RV, Inc.
Fleetwood RV, Inc. (“Fleetwood RV” or the “Company”) is a leading manufacturer of Class A and Class C recreational vehicles. The Company has one of the best and longest standing distribution networks in the industry and boasts some of the industry’s most recognized and iconic brand names such as American Coach. Fleetwood RV is headquartered in Decatur, Ind., which is also its principal manufacturing location. The Company also owns Goldshield Fiberglass, Inc., an industry leader in custom molded composite products across a variety of industries including heavy truck and RV.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the plans outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company’s Annual Report on Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). Government contracts and subcontracts typically involve long payment and purchase cycles, competitive bidding, qualification requirements, delays or changes in funding, extensive specification development and changes, price negotiations and milestone requirements. An announced award of a governmental contract is not equivalent to a finalized executed contract and does not assure that orders will be issued and filled. Government agencies also often retain some portion of fees payable upon completion of a project and collection of contract fees may be delayed for long periods, which can negatively impact both prime contractors and subcontractors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Spartan Motors, Inc.
Karen Hildebrant, Spartan Chassis, Inc., +1-517-543-6400; or Heather Everett, Fleetwood RV, Inc., +1-951-351-3691
