Deal Details

Acquisition of Chris-Craft

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Summary

About

Winnebago Industries, Inc. (“Winnebago Industries” or “the Company”) (NYSE:WGO), a leading outdoor lifestyle product manufacturer, recently announced that it has acquired Chris-Craft, an iconic recreational boat builder, from Stellican Ltd. (“Stellican”), which has owned Chris-Craft since 2001. Terms of the transaction were not disclosed.

Winnebago Industries, Inc. is a leading United States manufacturer of outdoor lifestyle products under the Winnebago, Grand Design and Chris-Craft brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats. Winnebago Industries has multiple facilities in Iowa, Indiana, Oregon, Minnesota and Florida.

Chris-Craft, America's Boat Builder Since 1874, leads the industry in craftsmanship and quality which represents the company's enduring devotion to its proud past. Chris-Craft is renowned for its classic designs, craftsmanship and use of premium materials. Chris-Craft builds the following models for the 2018 Collection: The Capri, Carina, Corsair, Launch, Calypso, and Catalina; which range in length from 21 to 38 feet. Chris-Craft is headquartered in Sarasota, Florida.

Stellican Ltd. is an investment firm, advising third party funds. Stellican seeks to acquire controlling or influential minority stakes in a variety of asset classes, deriving from Special Situations. Stellican’s sector focus is on high end, discretionary, consumer products, especially within the powersport and luxury goods area. Stellican previously owned Indian Motorcycle in the United States, and Riva boats in Italy. Stellican, Ltd. is headquartered in London, the United Kingdom.

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