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WINNEBAGO INDUSTRIES News Release Exhibit 99.1 WINNEBAGO INDUSTRIES TO ACQUIRE PREMIUM PONTOON BOAT MANUFACTURER BARLETTA -- Extends Winnebago Industries ' Marine Platform into the Attractive Pontoon Market Segment -- -- Accretive Acquisition Enhances Company Growth Profile with Addition of Barletta's Fast - Growing , High - Quality Brand -- -- Company to Host Conference Call Today at 7:30 a.m. Central to Discuss Transaction -- EDEN PRAIRIE , Minn . , July 20 , 2021 - Winnebago Industries , Inc. ( NYSE : WGO ) , a leading outdoor lifestyle product manufacturer , today announced that it has entered into a definitive agreement to acquire Barletta Pontoon Boats ( " Barletta ” ) , the industry's fastest - growing , premium pontoon boat manufacturer , for an initial consideration of $ 255 million in cash and newly - issued Winnebago Industries shares , plus up to $ 15 million in Winnebago Industries shares upon the achievement of performance milestones at the end of calendar 2021. Certain growth objectives , if achieved through calendar years 2022 and 2023 , provide the opportunity for up to $ 50 million in additional cash consideration . The transaction extends Winnebago Industries ' marine platform into one of the fastest - growing boating segments , advances the Company's ongoing evolution into a premier outdoor lifestyle company , and is expected to drive significant financial accretion . Barletta was founded in 2017 with a focus on high - quality , innovative products , unrivaled service and strong dealer relationships , which has allowed the company to grow rapidly in the pontoon boat segment and establish a strong , differentiated position in the market . The privately - owned company manufactures a portfolio of premium pontoon boats and has a network of 125 dealer locations across the U.S. and Canada with coast - to - coast coverage and significant opportunity for regional expansion . Barletta generated full - year 2020 revenues of $ 120.6 million and EBITDA of $ 10.5 million , and expects to deliver full - year 2021 revenues of approximately $ 214.6 million and EBITDA of $ 26.4 million . Barletta's growth trajectory is supported by a strong backlog of orders . The company recently opened a new manufacturing facility in Bristol , Indiana to add production capacity and scale to better meet the demands of its continued growth . " The acquisition of Barletta significantly expands Winnebago Industries ' presence in the strong and growing marine market by acquiring the fastest - growing brand within one of the most rapidly - growing boating segments , " said Winnebago Industries President and Chief Executive Officer , Michael Happe . " Barletta's premium , innovative pontoon boats are a natural fit with our broader brand portfolio , with shared appeal among families looking to create great experiences and memories on land or on water . Barletta's commitment to quality , innovation and service - the same golden threads that unite all Winnebago Industries brands - and strong relationships with its dealer partners , has driven tremendous growth , enabling Barletta to become a rising force in the industry in a short period of time . We look forward to leveraging our operational excellence , functional resources and proven expertise in nurturing and growing outdoor lifestyle brands to fuel the organic expansion of Barletta's product line , market share and margins . We are excited to welcome Barletta's talented employees to the Winnebago Industries team and believe this