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 a quality RV?
Newmar Motorhomes are definitely offering a good value and are worth being on your dreamboard! Newmar is amongst the top motorhome manufacturers and has proven to be reliable, comfortable and just top of the line in motorhome decor.
Does Winnebago own Newmar?
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.
Who owns Newmar industries?
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.
Is Newmar owned by Thor?
THOR Industries Buys Tiffin Motorhomes
The RV world was rocked just 18 months ago when Winnebago Industries purchased luxury RV manufacturer, Newmar. … THOR Industries, one of the “Big Three” in the RV industry along with the aforementioned Winnebago and Forest River, has purchased Tiffin Motorhomes for $300 million.
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.
Can you buy a Newmar from the factory?
Factory delivery is a great option for any Newmar owner. Yes, you have to get to upstate Indiana (Nappanee, IN to be exact) which is likely not a place you’d normally go.
Where is Newmar made?
Newmar RVs are manufactured in Nappanee, Indiana.
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 owns Winnebago motorhomes?
|Key people||Michael Happe (CEO)|
|Revenue||US$2.4 billion (2020)|
|Operating income||US$113.8 million (2020)|
Where is Newmar RV built?
Tour the Newmar Factory
The small town of Nappanee has been home to Newmar since 1968. This is where you’ll find the production facilities where we craft every gas, diesel, and luxury motor coach that bears a Newmar badge.
When did Winnebago buy Newmar?
In November 2019, Winnebago Industries completed its acquisition of Newmar for $344 million.
Who makes the Phaeton motorhome?
The Phaeton by Tiffin has consistently been one of the most popular Class A diesel motorhomes in the industry. Phaeton shoppers can choose from among 6 different intuitive floor plans each with its own unique twist on luxury and style.
Who makes the Winnebago?
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands.
Did Thor buy Winnebago?
Thor acquired of K-Z Inc., a manufacturer of primarily travel trailers based in Shipshewana, Indiana, in 2014. In January 2015, Thor’s Heartland subsidiary acquired the RV company, Cruiser RV, and the luxury fifth wheel manufacturer, DRV.
Which is better Newmar or tiffin?
Newmar is maybe a little better in initial quality, but Tiffin is a bit better at post purchase/warranty customer support. Tiffin needs their post purchase support.