Bankrupt recreational vehicle manufacturer Erwin Hymer Group North America could have a new owner as early as next month, according to a report filed in court on last week.
The Record reported that Receiver Alvarez and Marsal says bids — in the form of binding letters of intent — must be submitted no later than 5 p.m. on April 3, and those bids will be evaluated by 5 p.m. April 8, after which one or more may be accepted.
“It is the receiver’s view that the sales process, while expedited, is sufficient to allow interested parties to perform diligence and submit offers,” the report says. The process “also takes into account that there are seasonal issues with the inventory, and market uncertainty with respect to vendor, dealer and end customer relationships, so time is of the essence.”
The receiver is scheduled to appear in court on March 27 for formal approval of the report and sales process.
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