2019 RVIA Economic Impact Study

RVs Move America infographic

RVs Move America Economic Impact Study was released June 3, 2019 at the RVIA annual meeting.

It revealed the RV industry has an overall economic impact on the US economy of $114 billion, supports nearly 600,000 jobs, with more than $32 billion in wages, and pays more than $12 billion in federal, state, and local taxes.

The announcement was made by Garry Enyart, RVIA chairman, and Onan/Cummins Director of Mobile Generator Sales & Coach Care.

For more information on the $114 billion total economic impact and what it includes, click here.

Winnebago Industries Completes Acquisition of Newmar

Fri Nov 8, 2019
Author: RV News Staff

157323129388952.pngWinnebago Industries Inc. has completed its previously announced acquisition of Newmar Corp., a leading manufacturer of type A and super C motorized RVs. Consideration paid included $270 million in cash plus 2 million shares of Winnebago Industries common stock.

“The acquisition of Newmar further strengthens our core RV platform and enhances the scale and profitability of our overall motorhome business,” Winnebago Industries President and CEO Michael Happe says. “We are excited to welcome Newmar into our premium portfolio and look forward to working with their dedicated and talented team and high-quality dealer network to drive new growth opportunities and significant value creation for our employees, customers and shareholders.”

Goldman Sachs & Co. acted as financial adviser to Winnebago Industries and Faegre Baker Daniels served as legal adviser.

Newmar joins a roster of Winnebago Industries outdoor lifestyle brands that also includes Winnebago, Grand Design and Chris-Craft. Newmar is based in Nappanee, Indiana, and has manufacturing and customer service operations there. A nationwide network of 55 dealer service centers provides customer service and support.