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Tag Archives: Brunswick Corporation

Brunswick completes acquisition of Freedom Boat Club

Brunswick Corporation (NYSE: BC) announced it has completed its previously announced acquisition of Freedom Boat Club (FBC).  Terms of the transaction were not disclosed. Freedom Boat Club, founded in 1989, is the largest boat club operator and the premier marine franchisor in the nation. FBC and its franchisees service over 20,000 members, providing them with access to a fleet of ...

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Brunswick to acquire Freedom Boat Club

Brunswick Corporation announced it has entered into a definitive agreement to acquire Freedom Boat Club (FBC). Terms of the transaction were not disclosed. Freedom Boat Club, founded in 1989, is the largest boat club operator and the premier marine franchisor in the nation. FBC and its franchisees service over 20,000 members, providing them with access to a fleet of nearly ...

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Brunswick Corp. names new Sea Ray president

The Brunswick Boat Group, a unit of Brunswick Corporation announced that Steve Langlais has been named President - Sea Ray Boats, succeeding Brad Anderson, who has chosen to pursue opportunities outside the Company.  Langlais, currently President – Ft. Wayne Operations for Brunswick, will continue to report to Brunswick Boat Group President Huw Bower.  The appointment is effective immediately. “Steve is ...

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Sea Ray celebrates 60th anniversary, honors dealers at awards dinner

Sea Ray recently celebrated its 60th anniversary during a marine industry dealer meeting at Horseshoe Bay Resort in Texas. During the event, attendees experienced on-water product demonstrations of Sea Ray’s latest model line-up including the Sundancer 320, SDX 250 Outboard, SLX 400 and the brand-new, limited-edition SLX-R 350 Outboard, recently named a 2019 Top Product by Boating Industry. In addition, attendees ...

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Brunswick Corp. OKs new share repurchase authorization, declares regular quarterly dividend

Brunswick Corporation announced that its board of directors has approved a new share repurchase authorization of $450 million and declared a regular quarterly dividend. A regular quarterly dividend on Brunswick common stock of $0.21 per share will be payable on June 14, 2019, to shareholders of record on May 21, 2019. In a separate action, the board of directors approved ...

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Brunswick announces sale of fitness division for $490 million

Brunswick Corporation today announced it has entered into a definitive agreement to sell its fitness business to KPS Capital Partners, LP, a private investment firm, in an all-cash transaction for approximately $490 million. Following completion of the sale, Brunswick will be comprised solely of its global marine portfolio, which includes market-leading positions in propulsion, parts and accessories, boats and services. ...

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Brunswick First Quarter Marine Results Show Strong Top-Line Growth and Margin Expansion

Brunswick Corporation reported results for their marine business for the first quarter of 2019. First Quarter 2019 Highlights: $ millions (except per share data) GAAP Increase/(Decrease) As Adjusted Increase/(Decrease) Marine Business Net Sales $1,050.7 8.7% $ 1,050.7 10.4% Marine Business Operating Earnings $114.1 20.7% $ 124.5 18.3% Marine Business Operating Margin 10.9% 110 bps 11.8% 80 bps Marine Business Operating ...

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Forbes names Brunswick among America’s best employers for 2019

Forbes Magazine has named Brunswick Corporation (NYSE: BC) among America’s Best Employers for 2019.  The Company is ranked No. 219 for employers with 5,000 employees or more. The list of 500 honorees was announced by Forbes in partnership with Statista.com. This is the second consecutive year that Brunswick has been recognized. Brunswick, which was founded nearly 175 years ago, is ...

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Brunswick Boat Group to establish integrated manufacturing center

Brunswick Corporation (NYSE: BC) announced that its boat group will establish its Merritt Island facility in Florida as an Integrated Manufacturing Center.  Since the wind-down of Sea Ray Sport Yacht and Yacht production operations at the site last year, the facility has been transitioning to become a hub of operations to support the growth and development of Sea Ray, Boston ...

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Brunswick facilities worldwide recognized for safety achievements

Brunswick Corporation (NYSE: BC) announced the recipients of its top safety awards for 2018 performance.  These honors not only recognize significant accomplishments, but also encourage and reward employees and facilities that have achieved outstanding safety and wellness performance through promoting and practicing safety awareness, ultimately minimizing workplace incidents and injuries and improving the workplace. All Brunswick manufacturing, engineering and distribution ...

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