Winnebago Industries, Inc. has signed a Letter of Intent indicating its interest in acquiring SunnyBrook Manufacturing, Inc. Upon execution of this Letter of Intent, the company began a due diligence process that will result in a formal assessment of SunnyBrook Manufacturing and a final decision on proceeding with the acquisition.

The company anticipates the due diligence process to be completed such that the acquisition would be finalized by the end of the calendar year. A more thorough statement will be made at that time regarding the complete scope of this potential acquisition.

“We began our journey to access potential diversification efforts last year with the announcement on November 4, 2009 that we had created a new position for strategic planning, and as part of that new assignment, Randy Potts, our Sr. Vice President, Strategic Planning, was tasked with investigating potential diversification strategies,” said Winnebago Industries' Chairman, CEO and President Bob Olson. “This potential acquisition would mark the first action the company has taken on this front.”