Winnebago Buys Newmar

Winnebago buys Newmar.
   
Winnebago Industries buys Newmar for $344 million.
   
Newmar, known for their quality, innovation, and service, makes luxury motorhomes.  Its lineup is a mix of Class A motorhomes, the biggest and priciest kind, which can look like a bus or a motorcoach, and Super C class, which adds Class A amenities to a standard RV frame.  This deal will enable obvious commercial, financial, and operational synergies by integrating assets, systems, and staff.
   
Michael Happe of Winnebago said: ‘Newmar’s dedication to manufacturing premium, high-end motorhomes makes it a natural fit with our portfolio of leading outdoor lifestyle brands and we look forward to welcoming Newmar to the Winnebago Industries family.  The acquisition of Newmar aligns with our strategy to strengthen and reenergize our motorized business by enhancing our position and capabilities in the motorhome market and building on the progress we have made driving growth and innovation across our offerings.  Newmar has generated significant growth and tremendous market momentum over the past several years, driven by their reputation for quality, innovative offerings, and strong relationships with dealers and end customers. The addition of the Newmar brand will further differentiate Winnebago Industries, as our portfolio of Winnebago, Grand Design, Chris-Craft, and now Newmar brands provide customers with the highest quality, most innovative offerings across the RV and Marine industries. Newmar’s talented leadership team, high-quality dealer network, and premium motorhome offerings will enhance the scale and profitability of our motorhome business, provide a platform for future growth, and drive significant value creation for our employees, customers, and shareholders.’
   
Matthew Miller of Newmar said: ‘Winnebago Industries has a deep heritage in the RV industry, and we are excited about the opportunity to join its portfolio of premium outdoor lifestyle brands.  We look forward to working with the Winnebago Industries team to further enhance our growth trajectory, share best practices across our business, and continue delivering an incomparable product experience for our dealers and customers.’
   
Newmar will operate as a distinct business unit within Winnebago Industries.  Its headquarters and manufacturing facilities will stay in Nappanee, Indiana.  Matthew Miller will continue to lead the Newmar business as its president.
   
Goldman Sachs served as financial adviser to Winnebago Industries.  Faegre Baker Daniels served as legal adviser. 

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