Great Britain’s Heywood Williams Group PLC has put LaSalle Bristol and Creation Windows, two RV industry supplier/distributiors, for sale as part of a restructuring program, the company announced.
Heywood Williams decided to sell all of its subsidiaries in the U.S. to enhance shareholder value, according to Chairman Hamish Bryce.
Because the effort to sell the companies began only a month ago, it is too soon to speculate about potential buyers, William Schmuhl, president of Heywood Williams’ U.S. subsidiaries, told the Elkhart Truth newspaper.
Schmuhl told the newspaper in Elkhart, Ind., that he hopes a sale could be finalized towards the end of the second quarter of 2001.
LaSalle Bristol, Creation Windows and Bristolpipe, another Heywood Williams unit, all have their headquarters in or near Elkhart.
Heywood Williams has been involved in the RV and conversion vehicle industries since 1985 when it bought the British parent of Creation Group, parent of Creation Windows.
Then, it bought LaSalle-Deitch Co. in 1993 and the BPC Division of Bristol Corp. in 1994. It combined LaSalle-Deitch and BPC into LaSalle Bristol a few years later.
Heywood Williams also built the 375,000-square-foot LaSalle Bristol warehouse distribution center on the east side of Elkhart, which opened during 1996.