Winnebago Industries, the big name in recreational vehicles, has purchased boat maker Chris-Craft.
According to U.S. News & World Report:
DES MOINES, Iowa (AP) — Recreational vehicle manufacturer Winnebago Industries says it is buying boat maker Chris-Craft to expand beyond motor homes and travel trailers and create a diversified outdoor lifestyle products company.
Winnebago, based in Forest City, Iowa, hasn't disclosed details of the transaction but said Monday it would finance the deal with cash and debt.
Chris-Craft is a recreational boating brand dating back to 1874. It's been owned by London-based investment firm Stellican Ltd. since 2001.
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