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Mercury Marine downplays talk of move - Trade Only Today

Mercury Marine downplays talk of move

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Various media reports have discussed a possible move of Mercury Marine's operations in Fond du Lac, Wis., to Stillwater, Okla. The company currently has facilities in both locations.

So far, however, the coverage has been pure speculation, Mercury spokesman Steve Fleming told Soundings Trade Only.

"Given the unprecedented challenges we confront as an industry, we continue to seek ways to both maintain our market leadership and efficiently operate our business that are in the best long-term interests for all of Mercury Marine and all of its stakeholders," Fleming said.

Click here for a related report from Journal Sentinel.

Click here for a related report from the Stillwater News Press.

In other news, Mercury announced today it will integrate its MotorGuide business in Tulsa, Okla., into its Attwood Marine Products division in Lowell, Mich.

The move, a result of the continued economic downturn, will allow Mercury to take advantage of the "development and operations synergy" of the much larger plant in Lowell. The plant in Tulsa will be permanently closed, though Attwood will retain a research-and-development center in the Tulsa area.

The closure is unrelated to the media reports regarding the future of Mercury Marine's sterndrive operations in Stillwater, the company said in a statement.

MotorGuide currently employs 61 people, some of whom could be offered opportunities to relocate to Lowell.

The target date for completion of the move is Oct. 30.

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