Leisure car and boat producer Winnebago Industries is shifting its company headquarters from Iowa to Minnesota, the corporate stated in an announcement.
Primarily based in Forest Metropolis, Iowa, since its founding in 1958, the corporate stated Thursday that the shift to Eden Prairie, Minnesota, will likely be efficient Dec. 1.
The corporate’s government places of work have been in Minnesota since 2016 when CEO Michael Happe, former head of Eden Prairie-based lawnmower maker Toro Co., grew to become president and CEO of Winnebago and remained there as a substitute of shifting to Iowa. No job losses are deliberate on account of the official change and manufacturing places will stay the identical, the corporate stated.
|WGO||WINNEBAGO INDUSTRIES, INC.||73.11||+0.91||+1.26%|
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“Over the previous a number of years, by means of strategic development investments, we have now expanded our firm’s footprint to now embrace places in Iowa, Indiana, Florida and Minnesota. Our Twin Cities location has been and can proceed to be an efficient useful resource for executing our imaginative and prescient as a premier outside recreation enterprise, because it helps the expansion of all of our sturdy manufacturers,” Happe stated in an announcement.
Winnebago Industries employs about 6,500 workers, about 100 of whom are primarily based out of its Eden Prairie workplace.
The corporate’s largest presence is in northern Iowa, the place it employs greater than 2,000 employees in factories in Charles Metropolis, Forest Metropolis, Lake Mills and Waverly.
The corporate stated the Iowa operations will proceed to be the manufacturing hub of Winnebago motorhome and specialty autos merchandise. The corporate plans so as to add employees within the subsequent 12 months to satisfy elevated demand for leisure autos.
The corporate makes motor houses, journey trailers, fifth-wheel merchandise, boats, and industrial group outreach autos beneath manufacturers together with Winnebago, Chris-Craft and Newmar. It not too long ago acquired Barletta Pontoon Boats.
The corporate reported in June document quarterly income of $960.7 million for its third quarter, which led to Might, a 138% improve from the identical interval the yr earlier than.
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Gross sales have boomed throughout the coronavirus pandemic as customers have sought tenting holidays relatively than touring on airplanes or visiting crowded public areas.
The corporate stated client demand has created a backlog of greater than 46,600 towable campers price $1.52 billion and a backlog of 18,145 for its signature motor houses valued at $2.18 billion.