In Corson began thinking about turning over the reins of the business and settled on his daughter, Claire C. Skinner, as his successor. Skinner had first gone to work for her father at the Elkhart plant at the age of nine gathering screws from the floor for reuse at nine cents an hour. By the time she was ready for college, Skinner had no intention of working in the RV field. She attended Southern Methodist University in Dallas, earning a degree in journalism and marketing, but she found she missed the family business and entered into a management training program at Coachmen's Grapevine, Texas office, and soon became familiar with all aspects of the RV industry.
Again, she grew disenchanted with the business, and this time left for law school at Notre Dame, followed by two years in Chicago working as an attorney. Her love for the family business was rekindled once more and finally in she returned and stayed. Three years later she was named president of the company's largest subsidiary, the flagship Coachmen RV unit. By the time her father was ready to step away from the chairmanship and CEO position, Skinner was well seasoned and the perfect choice to succeed her father.
Her uncle, Keith Corson, remained on the management team as president and chief operating officer until he retired in The company's prospects also appeared bright. In the short run, the company benefited from a robust economy that spurred sales of both RVs and modular homes, but a longer-term trend was also hopeful: the baby boom generation was beginning to enter into its 50s, the prime demographic for buyers of RVs.
As a result, Coachmen and other RV manufacturers expected to enjoy a to year period of high demand. Nevertheless, Coachmen entered the new century on a high note. In it was once again aggressive on the acquisition front. Also based in Elkhart, the company was founded by Otto Miller, who in had cofounded Cliff Industries, which grew into one of the country's largest modular home manufacturers. Miller's latest venture now joined forces with Coachmen's All American Homes division, which had become the largest U.
The year also was marked by an attempted hostile takeover of the company. Thor Industries Inc. The board of directors quickly rejected the bid, calling it inadequate. Thor, which owned 3 percent of Coachmen stock, urged stockholders to withhold votes for the company's board at the annual shareholders' meeting the following month, but the board remained intact and the Thor threat dissipated.
RV sales had generally proven to provide an early warning sign of economic downturns. To weather these difficult times, Coachmen was quick to take steps to minimize the damage, lessons learned from previous down cycles.
Primarily, payroll was cut and production facilities were consolidated. In addition, Coachmen eliminated the few sidelines in which it participated other than RV manufacturing and modular homes. It exited the van conversion business by selling Coachmen Automotive, the furniture industry with the sale of the Lux Company, and RV retailing by shutting down four RV dealerships, although two locations were retained for support purposes and research and development efforts.
Coachmen had not turned the corner completely, however. In it experienced an up-and-down year. With the demographics still favoring it, Coachmen appeared well positioned now to enjoy a long stretch of success. Coachmen Recreational Vehicle Company, L.
Toggle navigation. Email me at buffettwatch cnbc. Skip Navigation. Current price: In its news release , Coachmen's CEO praises the deal for ending "the speculation over whether Coachmen itself will survive these extraordinarily difficult times.
Alex Crippen. Stock picking is as popular as ever despite indexing's proven success — 'Trillions' author on what's driving it. Not only are smaller motorhomes usually cozy and convenient, but they also offer easier maneuverability and are more affordable. Smaller RVs are excellent choices for those who want to undertake a solo adventure or smaller families that want to take frequent camping trips.
If you have found yourself considering a smaller motorhome but are unsure which company you should consider, it might be time to look at Coachmen RVs. The Coachmen motorhome company is popular amongst not only veteran RV owners but also first-time buyers. The company has a huge selection of smaller models available, and there is undoubtedly going to be one that you like that suits your budget and requirements.
Often a larger RV is perfect for large families or groups of friends who would like to travel together frequently. Larger RVs are also ideal for those considering full-time RV living.
Bigger motorhomes offer more space and usually provide more features. In addition to this, they often handle temperature changes better as many larger motorhomes are built to handed winter travel. Should you be considering purchasing a new motorhome, you might want to consider the Coachmen company as they have a wide variety of bigger motorhomes from which you can choose.
The Coachmen motorhome company has been in business for more than 60 years and, as such, has gained a trustworthy reputation for manufacturing some of the best motorhome models in the industry. Many motorhome companies have failed to reach the success of the Coachmen company. As the company has been around for a while, they have manufactured a few motorhome models that are incredibly popular in the RV market.
If you would like to know a few of the currently popular models that the brand manufactures, you can see below. Amongst the many motorhome manufacturers, the Coachmen company is one of the most well respected in the industry because of their quality service and durable motorhome structures.
Not only are Coachmen RVs manufactured with quality materials, but many of their models are capable of all-season travel. Many of the Coachmen models have superior insulation ratings and come with adequate heating and cooling systems to ensure your comfort while out traveling or practicing full-time RV living. There are certain factors you need to know to determine if an RV is four seasonal.
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