Skip to main content

Lippert acquires Smoker Craft’s furniture business

With four marine furniture acquisitions in four years, Lippert has become a leading industry supplier

With four marine furniture acquisitions in four years, Lippert has become a leading industry supplier

Lippert Components Industries has acquired the furniture manufacturing operations of Smoker Craft Inc. for $28 million. LCI said in a statement that it expects the first year’s revenues from the business to be about $35 million. "This will be our fourth marine furniture acquisition in the last four years and as we continue

to grow in the marine space, more opportunities continue to present themselves,” said Jason Lippert, CEO, in the statement. “This line of business has grown so significantly that earlier this year we opened a 700,000-square foot facility in Fort Wayne, Indiana to serve our marine customers.”

Lippert said that the Smoker Craft business would remain in New Paris, Indiana. “This is very similar to the furniture manufacturing operation that we purchased from Godfrey Marine in 2016, and that transition went extremely well," he added.

The two sides entered into a long-term supply agreement as part of the deal.

Doug Smoker, president and CEO of Smoker Craft, said the sale was part of his company’s long-term strategy. "In the future this move will free up manufacturing space, giving us the ability to concentrate on building boats,” said Smoker in the statement. 



Business for Good

Companies have a unique platform to make people’s lives better through products and services, how we treat employees and the kind of advocate we are for our industry.


Dometic Posts Sales Increase for Q4

Net sales of $596 million were up 11% compared with the previous-year quarter, and profit was reported at $2.6 million.


Marine Marketers to Present Neptune Awards

The group will hand out its annual honors during the Miami International Boat Show in February.


MarineMax Releases Q1 2023 Results

Record revenue of $507.9 million was a 7% increase over the previous year, and the growth was driven primarily by acquisitions, including IGY Marinas.


Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.


DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.


NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.


Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.