Rapido Group, a European company, which owns the Westfalia brand, signed a letter of intent on Friday, April 12 to purchase substantially all the assets related to the Roadtrek RV brand, which is a division of Erwin Hymer Group North America, Inc. Erwin Hymer is in receivership proceedings.
According to a press release, Rapido plans to assume the lease of one of the existing manufacturing and assembly facilities. Subject to ongoing due diligence and the execution of a definitive purchase agreement, Rapido plans to re-establish and re-invigorate the Roadtrek business.
“Roadtrek is a well-established leading brand in the B Class segment of the RV market. Our priority will be to re-establish operations and further develop this famous brand in North America,” said Pierre Rousseau, Rapido president.
The company expects to hire a workforce that will eventually grow to more than 200 employees.
This acquisition signifies Rapido’s return with Westfalia to the North American leisure vehicle market. Westfalia was a well-known brand in North America in the 1960s and 1970s.