Infinity Asset Solutions, Toronto, has announced that it will proceed with a four-day auction of the Erwin Hymer Group North America assets located in the Kitchener, Cambridge and Guelph, Ontario, Canada, manufacturing plants.
More than $10 million dollars of machinery, RV parts, and finished trailers will be put up for auction. Other inventory includes steel fabrication, thermoforming equipment, air compressors, new RV euro trailers, vehicles, warehousing, shop tools, parts and accessories, electrical and electronics, paint shops, more than 75,000 square feet of executive boardrooms and office equipment and much more.
In 2016, the Erwin Hymer Group purchased Roadtrek Motorhomes, seeing the acquisition as an opportunity to break into the North American RV market. By capitalizing on Roadtrek’s significant share of the Class B Motorhome segment, this purchase opened the door to the introduction of European styles and the expansion of the RV trailer market in Canada and the U.S.
EHGNA became one of North America’s largest players in the Class B RV industry and the sole manufacturer of both Hymer- and Roadtrek-branded RVs and trailers, expanding to four locations across southern Ontario. On Feb. 15, by order of the Ontario Superior Court of Justice, EHGNA was placed into receivership.
As previously reported, Rapido Group, owner of the Westfalia brand, has received court-approval to acquire substantially all of the assets related to the Roadtrek brand, an operating division of EHGNA. Rapido is in the process of assuming the lease of one of EHGNA’s existing facilities and is hiring a workforce that could grow to more than 200 employees.
As a result, three of the four Ontario, Canada, EHGNA plants will close forever upon completion of this unprecedented auction sale.
For more information, visit the auction site here.
