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Winnebago revs up towables by purchasing Grand Design RVs

from The Wall Street Journal

Winnebago Industries’ stock soared 24 percent earlier this week after it announced it was buying Grand Design RV for $500 million. Grand Design will operate as a unit within Winnebago and will continue to be led by its current president and co-founder Don Clark. Grand Design generated $428 million in revenue over the past year, adding up to a compound annual growth rate of more than 80 percent since 2013. more

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