Fleetwood in Talks to Sell Insurance Assets
Fleetwood Enterprises, the second-largest U.S. maker of campers and motor homes, said it was in discussions with potential buyers for its insurance assets as it completed the sale of housing and finance units.
The insurance assets are part of Fleetwood’s HomeOne Credit Corp. unit, the company said.
Fleetwood also said it had completed the sale of HomeOne’s loan operations and Fleetwood’s retail manufactured housing operations to Clayton Homes Inc., which is part of billionaire Warren E. Buffett’s Berkshire Hathaway Inc. The sales combined were valued at $149 million.
Shares of Riverside-based Fleetwood fell 13 cents to $10.70.
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