Foretravel Sold - KTRE.com | Lufkin and Nacogdoches, Texas

02/15/05 - Nacogdoches

Foretravel Sold

by Donna McCollum

Foretravel has a new owner and CEO. After a long day of closing the sale, Lyle Reed took over the title. The day was long for the seller and buyers of the motor home manufacturer. For four hours they were in a board room with attorneys finalizing the sale.

Company executives tell us Reed has been spending hours on end with attorneys and has even more meetings scheduled with them on Wednesday. Now that the sale is completed Reed has agreed to meet with the media.

Over the weekend he did have an opportunity to visit some of his soon to be neighbors. He visited a local church.

Reed plans to continue to live in Irving, but will have close ties to his new holding.

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