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Tag Archives: Brunswick Corporation

Brunswick, Wells Fargo CDF enter into agreement for Canadian floorplan financing

Leveraging its successful and longstanding relationship with Wells Fargo Commercial Distribution Finance, Brunswick Corp. recently announced that it has entered into an agreement, naming CDF as the preferred provider of floorplan financing for all Brunswick boats and Mercury Marine engines sold to marine dealers in Canada under the private brand, Brunswick Commercial Finance, effective Dec. 1, 2018. Under the new ...

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Brunswick Corp. establishes Boating Services Network

Brunswick Corp. has announced the establishment of Boating Services Network. Formerly known as Brunswick Financial Services, the new entity has an expanded mission of leveraging marine dealer and consumer finance and related operational services. Boating Services Network offers a wide array of unique and differentiated services that will drive growth with consumers, dealers, marinas, and other marine service providers by ...

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Brunswick announces 2018 Q2 financial results

Brunswick Corp.’s has released its financial results for the second quarter of 2018. Consolidated net sales increased 3.6 percent versus second quarter 2017, and were up 4.3 percent for the combined marine business. Operating earnings decreased by 38 percent for the quarter, and were down 32 percent for the combined marine business. "During the first half of 2018, we launched ...

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Brunswick to retain, reinvent Sea Ray brand

Brunswick Corp. today announced it has ended the sale process for its Sea Ray business, including the Meridian brand. Brunswick said it will retain and revitalize Sea Ray and leverage its premium brand to capitalize on growth opportunities in its sport boat and cruiser product categories. Brunswick also announced it will discontinue Sea Ray sport yacht and yacht models, resulting ...

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David Foulkes named president of Brunswick Marine Consumer Solutions

Brunswick Corp. today announced that David Foulkes has been named president - Brunswick Marine Consumer Solutions, reporting to Chairman and Chief Executive Officer Mark Schwabero.  Foulkes will retain his role as Brunswick Chief Technology Officer (CTO). In this new position, Foulkes will have responsibility for the Brunswick Boat Group, Nautic-On, Brunswick Marine Services, the Brunswick iJET Innovation Lab at the ...

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Cobalt files contempt motion against Brunswick in Sea Ray case

Cobalt Boats, LLC, has filed a motion in federal court accusing Brunswick Corp.'s Sea Ray brand of violating an injunction order by continuing to infringe Cobalt's patent on its retractable swim step. Cobalt believes Sea Ray continues to infringe Cobalt's patent in the face of a jury finding that Sea Ray willfully infringed Cobalt's patent and a court order permanently ...

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Mercury Marine to offer additional digital services

Mercury Marine is known for its marine propulsion technology, but the company also has its own PLM consulting business inside its global headquarters in Fond Du Lac, Wis. Mercury Digital Services provides its clients, including Mercury Marine, technical services and solutions to manage customer product data throughout its lifecycle and drive business outcomes for companies during the product development phase.  ...

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Brunswick posts Q1 2018 engine, boat sales increases

Brunswick Corp.’s reported results for the first quarter 2018 include a 9 percent net sales increase for the company’s marine engine segment and a 7 percent net sales increase in the boat segment. "Our first quarter performance was an excellent start to what we believe will be another year of successful execution of our strategy and creation of shareholder value," ...

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STEP Ahead Awards honor marine industry women

Three women in the marine industry were recently honored with STEP Ahead Awards. The STEP (Science, Technology, Engineering and Production) Ahead initiative began in 2012 to celebrate women in the manufacturing industry who are making a difference through advocacy, mentorship, engagement, promotion, and leadership. The STEP Ahead Awards highlight the achievements of real women in manufacturing on a national stage. ...

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Brunswick spins off fitness, marine will become independent company

Brunswick Corp. has announced that its board of directors has authorized proceeding with a spin-off of its fitness business. Following the proposed transaction, the fitness business will be an independent, standalone, publicly traded company, "FitnessCo." "Our Board of Directors and management regularly review our portfolio of businesses and brands, and after careful review, have determined that a spin-off of the ...

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