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TORONTO — Rapido Group, owner of the Westfalia brand, signed a binding letter of intent last Friday to acquire substantially all of the assets related to the Roadtrek RV brand, Erie News Now reported.
Alvarez & Marsal Canada, acting as a receiver for Erwin Hymer Group North America, commenced a sale process and accepted qualified bids until April 3 to acquire all or any portion of the Roadtrek assets.
After submitting the winning bid, Rapido indicated its intention to assume the lease of one of the existing manufacturing and assembly facilities.
The full story is available at Erie News Now.