(BRK.A), (BRK.B)
Berkshire Hathaway’s Forest River Inc. has acquired REV Group’s shuttle bus brands: Champion Bus, Federal Coach, World Trans, Krystal Coach, ElDorado and Goshen Coach, adding to the company’s current shuttle bus divisions.
The brands are currently produced at plants in Salina and Imlay City, Michigan.
The bus product line provides transportation for colleges, churches, assisted living facilities, retirement communities, transportation companies and government agencies.
In a press release, David Wright, president of the bus division at Forest River said “We are excited to welcome Champion Bus and ElDorado to Forest River. Both organizations have built a history of integrity, quality and innovation and enjoy an excellent reputation in our industry today. As we navigate these challenging times, the addition of these historic and iconic brands to the Forest River family enhance our ability to provide products and a customer experience that is second to none. We look forward to working with our dealer partners as we better position Forest River’s shuttle bus divisions for the future.”
© 2020 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.