MIDDLEBURY, Indiana, June 17, 2016 — After a week of rumors, officials at EverGreen Recreational Vehicles officially announced the closing of the business.
The RV manufacturer, which touted itself as an environmentally friendly, cutting-edge firm, let workers go and closed its doors last week, former employees and Elkhart County government officials said. EverGreen officials, however, had remained quiet, not responding to media inquiries on developments until this week.
In a Worker Adjustment and Retraining Notification Act notice, EverGreen Chief Financial Officer Joseph Katona said that about 270 workers were to be terminated, mostly by June 24. The letter cited failed attempts to secure financing to aid the company.
“Over the last several months, EverGreen … has been actively seeking capital or business to continue its operations,” Katona said in the WARN notice. But the push for financing and refinancing via creditors and lenders weren’t successful.
EverGreen’s demise comes as the RV sector, in general, is booming, with shipments expected to approach pre-recession peaks this year. And it comes after a quick rise for the company, formed in 2008 and identified in 2013 by Statistical Surveys Inc. of Michigan as the fastest-growing RV maker among 15 large RV companies.
SOURCE: Elkhart Truth. Read the complete story here.