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Thermwood

Monaco Coach Corporation to Acquire SMC Corporation

29 June 2001


Monaco Coach Corporation has agreed with Oregon based motorhome manufacturer SMC Corporation.

SMC manufactures upper-end motorhomes under the Safari, Beaver and Harney Coach Works brand names. SMC operates manufacturing facilities in Harrisburg, Bend and Hines, Oregon, as well as a service facility in Tampa, Florida. Monaco Coach Corporation intends to maintain the existing SMC brands. SMC's manufacturing facilities and its Electronic Design and Assembly, Inc. subsidiary in Bend, Oregon will continue to operate in their present locations while SMC's Safari manufacturing operations in Harrisburg, Oregon will be consolidated with Monaco Coach Corporation facilities in nearby Coburg, Oregon. Monaco Coach Corporation is currently evaluating SMC coach manufacturing operations in Hines, Oregon. The company intends to continue operations of SMC subsidiary Composite Technologies, Inc. and SMC's fiberglass production facilities in Hines.