Winnebago Industries Agrees To Buy Grand Design Recreational Vehicle Co. For $500 Million
Winnebago Industries has recently confirmed its intentions to buy Grand Design Recreational Vehicle Co. for $500 million. The main reason, is because they have been attempting to grow their line of towable RVs. With Grand Design's yearly revenue and growth, there is no better option.
As Forest City Summit writer Mary Pieper relates in her article: "Grand Design is the fastest growing manufacturer of towable RVs, said Michael Happe, Forest City-based Winnebago’s president and CEO. “Grand Design’s differentiated and nimble approach to serving today’s towable consumer, proven ability to deliver exciting new products and deep industry expertise complement our existing capabilities and Winnebago’s iconic brand,” Happe said.
Check this full article at Forest City Summit right here.
-MRV: The Buzz