Winnebago Industries Inc. has announced a $344 million deal to acquire Newmar Corp., a luxury RV manufacturer based in Indiana. Newmar, known for its lineup that includes high-priced Class A motorhomes approaching $1 million, posted revenue of $661 million last year.
Is Newmar owned by Winnebago?
Winnebago Industries to buy Nappaneee’s Newmar Corporation for $344 million. NAPPANNEE — Newmar Corporation, a manufacturer of class A and class C motorhomes based in Nappanee, is set to be acquired by Winnebago Industries in a deal worth about $344 million.
Is Newmar a quality RV?
For over 50 years, Newmar has built a solid reputation based on quality, innovation, and service. And in September 2019, Winnebago Industries acquired Newmar, adding Winnebago’s reputability to the brand. Newmar earns a five-star rating on the Better Business Bureau (BBB) website.
Who owns Newmar now?
You might be surprised to know that Winnebago Industries actually owns Newmar. Winnebago officially acquired Newmar in November of 2019. According to GlobeNewswire, the company said that the deal was worth $270 million in cash and two million shares of Winnebago Industries common stocks.
Where are Newmar RV made?
Newmar RVs are manufactured in Nappanee, Indiana.
Why did Newmar sell to Winnebago?
“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,” Winnebago CEO Michael Happe said in a news release.
How long has Newmar RV been in business?
At Newmar, 50 years of building high-quality recreational vehicles has taught us a lot, including the fact that people will always build the best product. That’s why we take the time to handcraft each of our coaches one by one, just like we’ve done since 1968.
Who makes Dutch star motorhomes?
Dutch Star Diesel Pusher Luxury Motorhomes
Every Newmar Dutch Star showcases Newmar’s industry-exclusive full-paint Masterpiece™ finish. 40- to 43-foot Dutch Star models are built on your choice of a Freightliner® or Spartan® tag-axle chassis.
Does Newmar make a Class C?
Newmar brings its legendary craftsmanship and innovation to Class C with the Super Star and Supreme Aire motor coaches. Our exclusive full air-ride cab makes every journey a remarkably smooth one. A large sky window with motorized shade lets you choose how much light to welcome into the cabin.
Who makes the Winnebago?
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft and Newmar brands. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats with multiple facilities in Iowa, Indiana, Minnesota and Florida.
What RV brands does Thor own?
Thor’s products include conventional travel trailers; fifth wheels; truck and folding campers; and Class A, B, and C motorhomes. The company owns many well-known RV brands, including Airstream, CrossRoads, Cruiser RV, Dutchmen, Jayco, Starcraft, and Thor Motor Coach.
Who is the parent company of Winnebago?
Winnebago Industries, Inc. is an American manufacturer of motorhomes, a type of recreational vehicle (RV), in the United States. In 2018, the company expanded into motorboat manufacturing with the acquisition of Chris-Craft Corporation.
What RV is made by the Amish?
TAB Teardrop Campers are manufactured by nüCamp RV in Sugarcreek, Ohio in the heart of Ohio’s Amish Country. nüCamp RV is a Pleasant Valley Teardrop Trailer company that was founded in 2005 as a boutique teardrop camper manufacturer.
What is the highest rated RV?
5 Best RV Brands In 2021
|Brand||RVInsider Average Rating||RV Types Made|
|Airstream||4.4/5.0||Travel trailers, Class B and B+|
|Oliver Fiberglass Products||5.0/5.0||Travel trailers|
|Newmar||4.2/5.0||Class A and Super C motorhomes|
|Winnebago||4.1/5.0||Travel trailers, fifth wheels, Class A, B, and C motorhomes|
Did Thor buy Newmar?
THOR Industries Buys Tiffin Motorhomes
The RV world was rocked just 18 months ago when Winnebago Industries purchased luxury RV manufacturer, Newmar. What seemed unlikely, became a reality. Now, what seemed unfathomable has happened as well.