M&A Deal Summary

Lippert Acquires Smoker Craft - Furniture Manufacturing Business

On November 30, 2018, Lippert acquired manufacturer Smoker Craft - Furniture Manufacturing Business from Smoker Craft for 28M USD

Acquisition Highlights
  • This is Lippert’s 1st transaction in the Manufacturing sector.
  • This is Lippert’s largest (disclosed) transaction.
  • This is Lippert’s 2nd transaction in the United States.
  • This is Lippert’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2018-11-30
Target Smoker Craft - Furniture Manufacturing Business
Sector Manufacturing
Buyer(s) Lippert
Sellers(s) Smoker Craft
Deal Type Divestiture
Deal Value 28M USD

Target

Smoker Craft - Furniture Manufacturing Business

New Paris, Indiana, United States
Smoker Craft, Inc. - Furniture Manufacturing Business is a supplier of marine furniture to the industry.

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Buyer(S) 1

Buyer

Lippert

Elkhart, Indiana, United States
Category Company
Founded 1984
Sector Automotive
Employees11,700
Revenue 3.8B USD (2023)
DESCRIPTION

Lippert through its wholly-owned subsidiary, Lippert Components, Inc. and its subsidiaries, supplies a broad array of components in the United States and abroad for manufacturers of recreational vehicles and manufactured homes and for the related aftermarkets of those industries. The Company also supplies components for adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; modular housing; and factory-built mobile office units. Lippert was formed in 1984 and is based in Elkhart, Indiana.

DEAL STATS #
Overall 3 of 6
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 1
State (Indiana) 2 of 2
Country (United States) 2 of 4
Year (2018) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 STLA s.r.l

Pontedera, Italy

STLA s.r.l is a manufacturer of bed-lifts and other recreational vehicle ("RV") components for the European caravan market. STLA is based in Pontedera, Italy.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Lavet s.r.l.

Siena, Italy

Lavet s.r.l. is a manufacturer of window blind systems. Lavet is based in Siena, Italy.

Buy -

Seller(S) 1

SELLER

Smoker Craft

New Paris, Indiana, United States
Category Company
Founded 1903
Sector Manufacturing
DESCRIPTION

Smoker Craft, Inc. is a manufacturer of boat pontoon, aluminum fishing, and fiberglass. Discover aluminum boats for everything from pro-style fishing to family fun. Find pontoon boats ranging from high-performance to exceptional values at every price point. Or explore our sports boats and deck boats that give you innovative floor plans and great features to create the very best days on the water.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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