FOREST CITY — Winnebago Industries says they’re buying another motorhome manufacturer.
The Forest City-based outdoor lifestyle product company announced this morning that it’s entered into an agreement to acquire Newmar Corporation for $344 million. Winnebago says Newmar, located in Nappanee Indiana, has been a leader in the recreational vehicle industry for over 50 years and makes the industry’s fastest growing brand of Class A motorhomes.
Winnebago president and CEO Michael Happe says in a written statement that the acquisition aligns with the company’s strategy and re-energizes their motorized business by enhancing the company’s position in the motorhome market.
This story will be updated with more information about the purchase later.