Printer Friendly

WINNEBAGO INDUSTRIES SUBSIDIARY SELLS ASSETS

 FOREST CITY, Iowa, Aug. 9 /PRNewswire/ -- North Iowa Electronics, Inc. (N.I.E.) of Garner, Iowa, a wholly owned subsidiary of Winnebago Industries, Inc., today announced the sale of the majority of its assets to Centech Corp. of Minneapolis, Minn. N.I.E. and Winnebago Industries President and Chief Operating Officer Fred Dohrmann advised, "With this sale, Winnebago Industries will focus more attention on its core business of manufacturing recreation vehicles (RVs)."
 The leader in vapor phase technology, Centech Corp. manufactures mechanical, electromechanical and electronic equipment for international distribution. Centech President Dale L. Linman advised they are making this purchase to enhance and expand their present manufacturing facilities.
 N.I.E. presently employs approximately 100 employees at the Garner facility. Centech will continue to operate the facility under the name of North Iowa Electronics. "We do not see any immediate changes in employment levels," Linman said. "We look forward to the future growth of N.I.E. due to the projected expansion of contract manufacturing within the electronics industry."
 Winnebago Industries is a leading manufacturer of recreation vehicles and is celebrating its 35th year in the RV industry. With the largest and most technologically advanced RV manufacturing facility in the world, Winnebago Industries has a proud history of producing high quality recreation products.
 -0- 8/9/93
 /CONTACT: Sheila M. Davis of Winnebago Industries, Inc., 515-582-6803/
 (WGO)


CO: North Iowa Electronics, Inc.; Winnebago Industries, Inc.; Centech
 Corp. ST: Iowa, Minnesota IN: SU:


MP -- NY084 -- 0880 08/09/93 16:14 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 9, 1993
Words:251
Previous Article:MERRILL LYNCH SENIOR DEBT RATING UPGRADED TO 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:MEDIQ ANNOUNCES DATES FOR DISTRIBUTION OF STOCK OF MENTAL HEALTH MANAGEMENT, INC. SUBSIDIARY
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters