Winnebago Announces Expansion Plans
- Class B Production Expansion -
FOREST CITY, Iowa, Nov. 20, 2013
FOREST CITY, Iowa, Nov. 20, 2013 /PRNewswire/ --Winnebago Industries, Inc.
(NYSE: WGO), a leading United States recreation vehicle manufacturer, is
planning to expand its manufacturing footprint to nearby Lake Mills, Iowa.
Winnebago and the city of Lake Mills have come to an agreement on the 5-year
lease of the 100,000-square-foot plant formerly owned and operated by Cummins
Filtration. The Lake Mills facility will be used for the production of
Winnebago's Class B motorhomes; initially the new Travato model built on the
Ram ProMaster chassis.
"This is a definite win-win for us," said Winnebago Chairman, CEO and
President Randy Potts. "The Lake Mills facility is much larger than our
current Class B production facility in Charles City and allows us to expand
our growing Class B motorhome line. Winnebago's Class B market share in the
U.S. has been steadily rising with 17.9% market share calendar year to date
through September 2013, compared to 16.5% in calendar 2012 and 7.8% in
calendar 2011. With the close proximity of Lake Mills, it's very cost
effective to transport components and motorhomes the 16 miles between Lake
Mills and our headquarters in Forest City. In turn, it allows us to
transition our current Class B production facility in Charles City to
additional subassembly operations. We plan to begin the process of staffing
and equipping the Lake Mills facility immediately with the goal of starting
initial production by early February. Our Charles City facility will continue
to manufacture Class B's as we transition to our Lake Mills facility, and move
other subassembly operations to Charles City."
Winnebago, The Most Recognized Name In Motorhomes^®, is a leading U.S.
manufacturer of recreation vehicles, which are used primarily in leisure
travel and outdoor recreation activities. The Company and its subsidiary build
quality motorhomes, travel trailers and fifth wheel products under the
Winnebago, Itasca, Era and SunnyBrook brand names. Winnebago Industries has
received the Quality Circle Award from the Recreation Vehicle Dealers
Association every year since the award's inception in 1996. The Company's
common stock is listed on the New York and Chicago Stock Exchanges and traded
under the symbol WGO. Options for the Company's common stock are traded on the
Chicago Board Options Exchange. For access to Winnebago Industries' investor
relations material or to add your name to an automatic email list for Company
news releases, visit, http://www.winnebagoind.com/investor.html.
For further information: Sheila Davis, PR/IR Manager
SOURCE Winnebago Industries, Inc.
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