International Truck and Engine Corp. has signed a definitive agreement to form a joint venture with Monaco Coach Corp. to manufacture rear engine diesel chassis.

Under the joint venture agreement, International will own 51 percent and Monaco Coach will own 49 percent of the newly formed company called Custom Chassis Products LLC. Initial plans call for the joint venture to manufacture more than 5,000 diesel chassis in the first year.
The transaction, which will be subject to customary closing conditions, is expected to close in February. The joint venture will begin production in February, and Monaco Coach will lease its 210,000-square-foot Roadmaster chassis plant, located in Elkhart, Ind. to the joint venture.
As the principal operating subsidiary of Navistar, International produces International brand commercial trucks, MaxxForce brand diesel engines and IC brand school buses, Workhorse brand chassis for motor homes and step vans, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company is also a provider of truck and diesel engine parts and service. A wholly owned subsidiary offers financing services. Additional information is available at www.internationaldelivers.com.