Brunswick

Brunswick Corp.’s boat group consists of 15 brands worldwide, including Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund, Meridian, Princecraft and Sea Ray. The group’s additional four brands — Rayglass, Uttern, Valiant and Quicksilver — are marketed in countries other than the United States.

Brunswick initiates cash tender offer

Brunswick Corp. launched a cash tender offer to purchase up to $75 million aggregate principal of its outstanding 11.75 percent Senior Notes due 2013. As of July 4, the end of Brunswick’s second quarter, 2013 notes in an aggregate principal amount of $250 million were outstanding. The tender offer is scheduled to expire at midnight…more

Brunswick auctions off surplus equipment

Hundreds of surplus items were auctioned off Wednesday by Brunswick Boat Group at its Sea Ray plant in Tennessee. The company offered for sale items such as truck tractors, upholstery and sewing equipment, and industrial fans to a 1971 Cobra – the first boat Baja Marine Corp. ever built, according to an article in the…more

Brunswick updates cash-tender offer

Brunswick Corp. says in regard to its previously announced tender offer and consent solicitation for its outstanding 5 percent notes due 2011, it has received tenders and consents from holders of approximately $149.4 million aggregate principal amount of the notes. That represents more than 99.5 percent of the outstanding 2011 notes. Brunswick has accepted and…more

Mercury continues talks with union

Mercury Marine and the International Association of Machinists and Aerospace Workers are continuing talks, with the hope of finishing negotiations by Monday, the company announced. Representatives of Mercury and the union talked for about seven hours Tuesday to conclude discussions slated for that meeting. Negotiations are scheduled to continue this morning and could continue Thursday…more

Dealer reaction to Maxum shutdown

Maxum dealers speaking with Soundings Trade Only said Brunswick’s decision to discontinue the boat line shouldn’t have much impact on their business. “I wasn’t too upset about it. It’s not a crucial boat line,” said Gary Dobrindt, of The Boat Center, with locations in Connecticut and Rhode Island. “There isn’t anybody that’s just a Maxum…more

Brunswick ups private offering

Brunswick Corp. has priced an offering of $350 million aggregate principal amount of 11.25 percent senior secured notes due 2016 at an issue price of 97.036 percent. This is an increase from the $250 million the company had previously announced. The new notes will be secured by first-priority liens on Brunswick’s headquarters and domestic retail…more

Brunswick discontinues Maxum line

As part of its ongoing cost-cutting initiatives, Brunswick Corp. says it is discontinuing its Maxum boat line, which it established in 1988. “This decision emerged from our continuing efforts to review every aspect of our operations, including our brand portfolio, in an effort to position Brunswick to emerge from this downturn a stronger company,” company…more

Brunswick makes $250 million private offering

Brunswick Corp. today announced its intent to offer $250 million aggregate principal amount of senior secured notes due 2016 in a private offering to qualified institutional buyers. The new notes will be secured by first-priority liens on Brunswick’s headquarters and owned domestic retail bowling centers and by second-priority liens on substantially all of the assets…more

Constellation Software buys IDS from Brunswick

Canadian-based Constellation Software, through its wholly-owned subsidiary Constellation Homebuilders Systems, acquired the shares of Integrated Dealer Systems from Brunswick Corp. “Brunswick’s IDS software division is the proven market leader of software to the RV and marine dealership verticals in North America,” said Dexter Salna, president of CHS, in a statement. “IDS will join Constellation Automotive…more

Brunswick brands will be featured at Mexican tournament

The Brunswick Latin America Group and its participating dealers will showcase boats from eight Brunswick brands as well as Mercury Marine engines Aug. 13-16 during the third annual Marlin & Tuna Fishing Tournament at Mexico’s Marina Riviera Nayarit. Dealers participating in the event include Performance Boats, Powerboats and Zaragoza Marine. Along with Mercury engines, dealers…more

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