Barletta purchase strengthens company presence in the marine sector
On July 21, 2021, Winnebago Industries Inc. (Winnebago) announced that the company is in the process of acquiring Barletta Pontoon Boats, a manufacturer of boats. The deal is estimated to be valued at $255.0 million and is expected to close by the end of FY 2022 (as of May 9, 2022, this acquisition is completed) The purchase of this company helps the company expand its presence in the marine market with the company having access to a variety of boats and boating equipment produced by Barletta.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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