EverGreen finally confirms shutdown

EverGreen finally confirms shutdown

MIDDLEBURY, Indiana, June 17, 2016 — After a week of rumors, officials at EverGreen Recreational Vehicles officially announced the closing of the business. 

evergreen-746The 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.

alfagold-747
EverGreen’s Alfa Gold Fifth Wheel Trailer

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.

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2 thoughts on “EverGreen finally confirms shutdown

  1. Kathy

    So what does this mean in Evergreen closing for I just had warranty work completed before they closed and was waiting on a refund they approved for the work in my area. I had to pay for the work first since it was not an Evergreen dealer.

    1. Chuck Woodbury

      Kathy, you may or may not see that money. If I were you I would check with the dealer where you had the work performed. I doubt you will reach anyone at the Evergreen factory. Good luck! — Chuck

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