ROCHESTER HILLS, MI -- DURA Automotive Systems said it is exploring strategic alternatives for its Atwood Mobile Products division, headquartered in Elkhart, IN.
DURA has hired Miller Buckfire to serve as its exclusive financial advisor in connection with the strategic evaluation, including for assistance with solicitation from prospective buyers. In consultation with its financial advisor, DURA will consider whether a sale or a growth strategy would maximize Atwood’s financial contribution to the company.
With 2006 sales of approximately $330 million, Atwood offers a broad range of products to the recreation vehicle (RV), specialty vehicle and manufactured housing markets. The division’s products encompass windows and doors, specialty glass, hardware appliances and electronics. Founded in 1909, Atwood was acquired by automotive supplier Excel Industries, which was then acquired by DURA in 1999.
For more information about DURA Automotive and Atwood Mobile Products, go to: http://www.duraauto.com.