Featherlite to Close Oklahoma Manufacturing Plant

22 June 2001

Featherlite will permanently close its luxury coach manufacturing, sales and service facility in Pryor, Okla., effective Aug. 20, 2001. Approximately 90 employees will be affected. The decision follows a series of difficulties Featherlite has had with its sole supplier of fiberglass and composite materials essential to the manufacture of its Vogue 6000LX line of luxury coaches. Featherlite Vogue is manufactured entirely in Featherlite's Pryor facilities.

Conrad Clement, president and CEO of Featherlite, said, ""The decision to close the Pryor facility and suspend production of the Featherlite Vogue luxury coach line is based substantially on our inability to receive timely allotments of vital materials from this sole supplier, making assured delivery dates of Vogues unattainable. Without the ability to manufacture and deliver a marketable product in a timely fashion, the company has sustained unacceptable losses in the Vogue segment."" The Pryor operation lost approximately $2.6 million through May 31, 2001. ""We regret the impact that this decision will have on our employees in Pryor,"" Clement said. ""All of us have appreciated their efforts over the years on behalf of Featherlite. But the need to return to a strong and profitable specialty trailer and luxury coach company made this action necessary.""

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