On July 3, 2019, Rapido Group, owner of the Westfalia brand, completed the acquisition of substantially all of the assets related to the Roadtrek RV brand, an operating division of Erwin Hymer Group North America, Inc., a company in the midst of receivership proceedings. Alvarez & Marsal Canada Inc. is the receiver of Erwin Hymer.
While corporately based in France, Rapido has significant manufacturing operations and other lines of business in France, Germany, Italy and England with sales across Europe. With its acquisition of Roadtrek, Rapido has made Cambridge, Ontario its home and intends to commence selling its various product lines across North America by September, 2019.
Cassels Brock acted for Rapido with a deal team led by Marc Mercier and Larry Ellis (Financial Services), and included Jim Morand (Tax), Kristin Taylor (Employment), David Ward and Erin Craddock (Litigation), Sam Massie (Financial Services) and Marco Ciarlariello (Business).