Just over a month ago, we announced our intent to acquire Lithionics Battery, a premier lithium-ion battery solutions provider, to accelerate our innovation in diverse battery solutions and advance our overall electrical ecosystem, creating more opportunities for our RV and marine products to capitalize on consumer preferences for fully immersive, outdoor experiences.
I am excited to share that Winnebago Industries has finalized our acquisition of Lithionics Battery, and the transaction is now closed.
Following years of close partnership, we are pleased to welcome the talented Lithionics team to the Winnebago Industries family. We look forward to working together to expand the use of Lithionics’ efficient energy solutions within our own portfolio, as well as supporting Lithionics in growing relationships with its existing customers and exploring new market applications for its premier battery solutions.
Please join me in officially welcoming Lithionics to our portfolio of industry-leading brands and congratulations to all our team members who worked to make this transaction successful.