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.