Forest City-based Winnebago Industries is taking to the water. The recreational vehicle manufacturer is acquiring a well-known boat builder.
Winnebago is making its first entry into the marine market by buying Sarasota, Fla.-based Chris-Craft.
The Iowa RV manufacturer is purchasing the company, whose founding dates back to 1874, from a London investment firm for an undisclosed amount.
The vice president of strategic planning and development for Winnebago, Ashis Bhattacharya, says the company is tapping into a growing market of boaters.