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Forest River (company)

Forest River Inc, a US manufacturer of a diverse line of primarily Recreational Vehicle products, $1.6 billion in sales, 60 plants, 5,400 employees. Located in Elkhart Indiana, the company operates multiple manufacturing facilities throughout the mid-west and west coast. CEO, Peter Liegl founded the company in 1996, which today makes all classes of RV's, cargo trailers, utility trailer, pontoon boats, light and medium-duty buses (primarily shuttle buses, not inner-city transit buses), portable offices, and structures to use for temporary schools. Forest River also owns a manufactured housing business, Hart Homes.

On June 22, 2005, Warren Buffet, head of Berkshire Hathaway, made an offer to purchase Forest River over the telephone while speaking to Pete Liegl. This offer came just one day after he had first learned about the company from a fax received at his office which detailed why Forest River would be a solid acquisition for Berkshire.

On June 28 Warren and Pete shook hands on a deal. Warren then gave Pete his home telephone number and his cell number and told him if he needs something to call him, "Otherwise I talk to you in a year, or so". The transaction was closed on August 31, 2005.[citation needed]

In Berkshire Hathaway Inc's 2005 annual report[1], the seventy-five year-old Buffett states, "Pete is a remarkable entrepreneur". And adds, "You can be sure that I won't be telling Pete how to manage his operation".

Competitors: Gulf Stream Coach, Jayco, Skyline Corporation, Thor Industries

Contents

Brands

Forest River sells its vehicles under several different brands. The following brands are part of Forest River.

Motor home brands:

Travel trailer and fifth wheel brands:

Park model brands:

Modular & Hud Homes:

See also

References

  1. ^ ""Berkshire Hathaway 2005 Annual Report"". http://www.berkshirehathaway.com/2005arn/impnote05.html.

External links

v • d • Berkshire Hathaway
Corporate directors Warren Buffett (Chairman and CEO) • Charlie Munger • Howard Graham Buffett • Susan Decker • Bill Gates • David Gottesman • Charlotte Guyman • Donald Keough • Thomas S. Murphy • Ronald Olson • Walter Scott, Jr.
Insurance Applied Underwriters Inc. • Berkshire Hathaway Assurance • Central States Indemnity Company • GEICO • General Re • Kansas Bankers Surety Company • Medical Protective • National Indemnity Company • United States Liability Insurance Group • Wesco Financial • Swiss Re
Materials and Construction Acme Brick • Benjamin Moore & Co. • Clayton Homes • IMC Group (Iscar) • Johns-Manville • MiTek • Precision Steel Warehouse, Inc. • Shaw Industries
Furniture CORT Business Services • Jordan's Furniture • Larson-Juhl • Nebraska Furniture Mart • RC Willey Home Furnishings • Star Furniture
Apparel Fruit of the Loom • Russell • Garanimals • Fechheimer Brothers • Acme Boots • H.H. Brown Shoe Group • Justin Brands
Transportation Burlington Northern Santa Fe Corporation • NetJets • NetJets Europe • FlightSafety International • Forest River • McLane Company • XTRA Lease
Food Dairy Queen • Orange Julius • The Pampered Chef • See's Candies
Media The Buffalo News • Business Wire • World Book Encyclopedia
Other Ben Bridge Jeweler • Blue Chip Stamps • Borsheim's Fine Jewelry • CTB International • Kirby Company • MidAmerican Energy Holdings Company • Mouser Electronics
Related articles Owned assets
Annual Meetings May 1, 2010 and April 30, 2011
Annual Revenue: ▲US$118.249 billion • Employees: 233,000 • Stock Symbol: NYSE: BRKA, NYSE: BRKB • Web site: www.berkshirehathaway.com

Categories: Berkshire Hathaway

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