Baird Upgrades Winnebago Industries (WGO) to Outperform
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Winnebago to Acquire Towable RV Manufacturer Grand Design
October 3, 2016 7:30 AM EDTFOREST CITY, IA -- (Marketwired) -- 10/03/16 -- Winnebago Industries, Inc. (NYSE: WGO) today announced that it has entered into a definitive agreement to acquire Grand Design Recreational Vehicle Company ("Grand Design"), a manufacturer of towable recreation vehicles (RVs), for approximately $500 million in cash and newly issued Winnebago shares.
Founded in 2012 by Don Clark, Ron Fenech and Bill Fenech, a management team with over 80 years of combined leadership experience in the RV industry, Grand Design is a fast-growing manufacturer in the towables segment with rapidly expanding market share. The Company generated $428 million in... More
