Lancer Camper. Inc Sold Out
Sad day for Lance customers. Owners are rolling in the $$$ https://www.streetinsider.com/Corporate+News/REV+Group%2C+Inc.+%28REVG%29+Reports+Purchase+of+Lance+Camper/13683601.html
Forum Discussion
sbryan@vtbryans.com wrote:
Hard to tell if it is good or bad. I don't know anything about REV. Experience tells me buyouts are not good for customers (witness what happens to independent RV manufacturers when they are bought out by Thor or Forest River). Time will tell.
Not always true. Good example is Palomino in Colon, Michigan (I live close by btw). Palomino had one foot in the grave when FR acquired them, were building campers based on 25 year old designs that leaked and had shoddy workmanship.
After Berkshire Hathaway (Warren Buffet) acquired them and provided working capital, they did a major redesign, built a more efficient and up to date facility. Now, they turn out a quality (by industry standards) unit that don't leak and everything fits well and works properly, I know, I have one and if they were still Palomino and not a FR division (of they had actually survived, which was doubtful) I would have purchased another brand. IOW, the originals were junk. Now, they aren't....and... Most of the management is still the same folks as are the production folks. I stop by from time to time and the attitude there is very upbeat.
