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It is the oldest manufacturer of reclining chairs in the U.S. [3] After the company filed for bankruptcy in 2010, it shuttered its facilities in Rocky Mount, North Carolina, and Martinsville, Virginia, then restarted manufacturing at the plant in Morristown, Tennessee, in 2011, for manufacture of the Barcalounger chair. [4]
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The company was founded by Forest City, Iowa businessman John K. Hanson in February 1958. At the time, the town, located in Winnebago County, Iowa, was undergoing an economic downturn, so Hanson and a group of community leaders convinced a California firm, Modernistic Industries, to open a travel trailer factory in a bid to revive the local economy.
Navistar International Corp purchased the core assets of Monaco Coach Corporation's factories, inventory, brands and intellectual property in June 2009 for $47 million [11] and the company's new name became Monaco RV LLC. Upon the sale of its remaining assets liquidated under Chapter 7, "the entity ceases to exist," said Andrea Coles-Bjerre, an ...
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Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
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In March 2012, Mark Lucas became the president and general manager of Shasta RV. The company has grown to include a sales office, multiple production facilities and a finished goods staging area. In 2015, Lucas introduced the 1961 Airflyte re-issue with production limited to 1,941 units, honoring the company's first year in business.