Winnebago Industries to acquire Barletta Pontoon Boats for $310m.

Winnebago Industries, an outdoor lifestyle product manufacturer, agreed to acquire Barletta Pontoon Boats, a pontoon boat manufacturer, for $270m. The $65m from $310m is payable upon the achievement of performance milestones at the end of calendar 2021, 2022 and 2023. "Barletta's premium, innovative pontoon boats are a natural fit with our broader brand portfolio, with shared appeal among families looking to create great experiences and memories on land or on water. Barletta's commitment to quality, innovation and service – the same golden threads that unite all Winnebago Industries brands – and strong relationships with its dealer partners, has driven tremendous growth, enabling Barletta to become a rising force in the industry in a short period of time. We look forward to leveraging our operational excellence, functional resources and proven expertise in nurturing and growing outdoor lifestyle brands to fuel the organic expansion of Barletta’s product line, market share and margins," Michael Happe, Winnebago President and CEO.