National RV Holdings Inc., of Perris, Calif., announced today (Sept. 27) it had negotiated the sale of its National RV travel-trailer business assets to Weekend Warrior, a privately owned, California ramp-trailer manufacturer. Terms of the transaction were not disclosed.
Weekend Warrior has created a new company called Rage’n Inc., through which it plans to manufacture and market the National RV brands.
The sale is designed to allow National RV to further concentrate its efforts and resources on its growing motorhome business.
National RV has gradually reduced its towable offerings, and sales of travel trailers have represented less than 5% of revenues for the company, which is also the parent of Country Coach Inc., of Junction City, Ore.
“With increasing demand for Class A motorhome products, we have decided that we could better serve our shareholders, as well as our motorhome dealers and customers, by focusing all of our attention and resources on our motorhome business where margins are better,” National RV CEO Brad Albrechtsen said.
“We are very pleased that we were able to reach an agreement on our toy-hauler business with the company that virtually invented that business,” he said. “We believe that Warrior is the perfect company to take over our brands and further enhance their value for the customers and dealers. Once we decided it was in the best interest of our shareholders to focus all of our resources on motorhomes, our main concern was in finding someone who could preserve the brand value for our dealers and owners, and we feel that we accomplished that.”
National RV officials announced that the sale was effective immediately, but went on to state that the company would continue to service and fulfill the original warranty obligations of the travel-trailer products currently on the road.