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home : most recent : manufacturing December 15, 2018

12/4/2018 4:24:00 PM
Lippert acquires Smoker Craft furniture division

Goshen News

ELKHART — Lippert Components Manufacturing Inc. has acquired the furniture manufacturing operation of Smoker Craft Inc., a boat manufacturer located in New Paris. Lippert paid $28 million for the business.

First-year revenue for the marine furniture business acquired from Smoker Craft is estimated to be approximately $35 million, according to information from Lippert.

Additionally, the parties entered into a long-term supply agreement as part of the transaction.

Lippert provides parts and services to several industries, including the recreational vehicle and marine industries.

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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