Forest River (company)
Encyclopedia
Forest River Inc, a US manufacturer of a diverse line of primarily recreational vehicle
products, $1.6 billion in sales, 60 plants, 5,400 employees. Located in Elkhart, Indiana
, the company operates multiple manufacturing facilities throughout the Mid West and West Coast. CEO, Peter Liegl founded the company in 1996, which today makes all classes of RVs, cargo trailers, utility trailer, pontoon boats, light and medium-duty buses (primarily shuttle buses, not inner-city transit buses), portable offices, and structures to use for temporary schools. Forest River also owns a manufactured housing business, Hart Homes.
, head of Berkshire Hathaway
, made an offer to purchase Forest River over the telephone while speaking to CEO Pete Liegl. This offer came just one day after Buffet had first learned about the company from a fax received at his office which detailed why Forest River would be a solid acquisition for Berkshire. On June 28 Buffet and Liegl shook hands on a deal. Buffet then gave Liegl his home telephone number and his cell number and told him if he needs something to call him, "Otherwise I talk to you in a year, or so". The transaction was closed on August 31, 2005. In Berkshire Hathaway Inc's 2005 annual report, the 75 year-old Buffett states, "Pete is a remarkable entrepreneur" and adds, "You can be sure that I won't be telling Pete how to manage his operation".
Motor home brands:
Travel trailer
and fifth wheel brands:
Park model brands:
Modular & Hud Homes:
products in Wakarusa, Indiana
.. The company was formed in September 2009.
Recreational vehicle
Recreational vehicle or RV is, in North America, the usual term for a Motor vehicle or trailer equipped with living space and amenities found in a home.-Features:...
products, $1.6 billion in sales, 60 plants, 5,400 employees. Located in Elkhart, Indiana
Elkhart, Indiana
Elkhart is a city in Elkhart County, Indiana, United States. The city is located east of South Bend, northwest of Fort Wayne, east of Chicago, and north of Indianapolis...
, the company operates multiple manufacturing facilities throughout the Mid West and West Coast. CEO, Peter Liegl founded the company in 1996, which today makes all classes of RVs, cargo trailers, utility trailer, pontoon boats, light and medium-duty buses (primarily shuttle buses, not inner-city transit buses), portable offices, and structures to use for temporary schools. Forest River also owns a manufactured housing business, Hart Homes.
Purchase by Berkshire Hathaway
On June 22, 2005, Warren BuffettWarren Buffett
Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is...
, head of Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
, made an offer to purchase Forest River over the telephone while speaking to CEO Pete Liegl. This offer came just one day after Buffet had first learned about the company from a fax received at his office which detailed why Forest River would be a solid acquisition for Berkshire. On June 28 Buffet and Liegl shook hands on a deal. Buffet then gave Liegl his home telephone number and his cell number and told him if he needs something to call him, "Otherwise I talk to you in a year, or so". The transaction was closed on August 31, 2005. In Berkshire Hathaway Inc's 2005 annual report, the 75 year-old Buffett states, "Pete is a remarkable entrepreneur" and adds, "You can be sure that I won't be telling Pete how to manage his operation".
Brands
Forest River sells its vehicles under several different brands. The following brands are part of Forest River.Motor home brands:
- Berkshire
- Charleston
- Forester
- Georgetown
- Lexington
- Sunseeker
- Tsunami
Travel trailer
Travel trailer
A travel trailer or caravan is towed behind a road vehicle to provide a place to sleep which is more comfortable and protected than a tent . It provides the means for people to have their own home on a journey or a vacation, without relying on a motel or hotel, and enables them to stay in places...
and fifth wheel brands:
- Cardinal
- Cedar Creek
- Cherokee
- Day Dreamer
- Flagstaff
- r-pod
- Rockwood
- Salem
- Sandpiper
- Shamrock
- Sierra
- Surveyor
- V-Cross
- Wildcat
- Wildwood
Park model brands:
- Kabana
- Quailridge
- Summitt
Modular & Hud Homes:
- Sterling
- Hart Homes
Prime Time Manufacturing
Prime Time Manufacturing is a division of Forest River and produces recreational vehicleRecreational vehicle
Recreational vehicle or RV is, in North America, the usual term for a Motor vehicle or trailer equipped with living space and amenities found in a home.-Features:...
products in Wakarusa, Indiana
Wakarusa, Indiana
Wakarusa is a town in Harrison and Olive townships in Elkhart County, Indiana, United States. The population was 1,618 at the 2000 census. Wakarusa is a small farming and manufacturing community located on Indiana 19 just north of Indiana 119...
.. The company was formed in September 2009.
Prime Time Brands
- LaCrosse Travel Trailers
- Tracer Executive Travel Trailers
- Tracer Ultra Lite Travel Trailers
- Tracer Micro Travel Trailers
- Crusader Fifth Wheels
- Sanibel Fifth Wheels