Skip to main content

Twin Disc Sells Belgium Facility


Twin Disc said it sold the Belgian facility that manufactures marine transmissions in one of two leasebacks the company conducted after facing revenue losses last year.

The Racine, Wis.-based manufacturer sold the 390,000-square-foot facility in Nivelles, Belgium, including a plot of land and all buildings, for €6.95 million, around $6.42 million by today’s exchange rate.

It continues to operate out of the facility, which also supports Twin Disc industrial products.

“The sale of our Belgium facility is a continuation of an asset optimization strategy,” president and CEO John Batten said in a statement. “Our approach to right-sizing our footprint makes Twin Disc more efficient, cost-effective and sustainable. We continue to invest in modernizing our global facilities, including the anticipation of a new, modern facility in Belgium.”

It’s the second such deal Twin Disc has struck in recent months. The company sold and leased back its Rolla production facility in Switzerland, yielding net proceeds of $9.1 million, according to its most recent earnings release.

Twin Disc booked a $7.87 million profit in its most recent fiscal quarter, citing higher revenue, price increases and widening profit margins. That was up from the $21.5 million loss it experienced in the prior quarter. 



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.