Fleetwood sells RV business for $9.5M
Fleetwood (ASX:FWD) has signed a binding agreement to sell its RV Solutions division, including the Camec business, to Aussie Traveller for $9.5 milli...
Fleetwood (ASX:FWD) has signed a binding agreement to sell its RV Solutions division, including the Camec business, to Aussie Traveller for $9.5 million on a cash-free, debt-free basis. The company expects to net $7.8 million in cash in FY27 while incurring $10 million to $12 million in restructuring costs. The divestment completes Fleetwood's exit from the recreational vehicle market to focus on core accommodation and building operations.