Brunswick Acquires Valiant
21.06.2005 / 08:42 / Rubriek: Informatief / Organisatie: Brunswick corporation
Brunswick Acquires Valiant
LAKE FOREST, Illinois, June 21/PRNewswire/ --
Brunswick Corporation (NYSE: BC) announced today that it had exercised its option to purchase the remaining 51 percent of Supra-Industrial Textil, Lda. that it did not already own. Terms of the transaction were not disclosed. Brunswick had purchased 49 percent of this manufacturer of the Valiant brand of rigid inflatable boats (RIBs) in 1999.
'Under the leadership of our Brunswick European Group, we have been executing a strategy to accelerate growth of our marine businesses in this important region,' commented Brunswick Chairman and Chief Executive Officer George W. Buckley. 'Ownership of the Valiant brand will enable us to expand distribution beyond the existing dealer network and is further evidence of our commitment to offer our marine dealers the quality products that will help them grow their businesses.'
'The RIB market is one of the most popular and fastest growing segments in boating,' remarked Victoria J. Reich, president of the Brunswick European Group. 'Valiant brings to Brunswick a strong management team that has delivered above-market growth, product innovation, manufacturing expertise and a commitment to quality. As part of the BEG family, we will strive to build on that record by expanding distribution and enhancing our product portfolio.'
Valiant RIBs are manufactured in Vila Nova de Cerveira, Portugal. The company has approximately 150 employees who produce approximately 3,500 RIBs annually ranging from 2.4 to 12 meters in length. It will become part of the Brunswick European Group.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill 'Genuine Ingenuity'(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic controls; Northstar marine electronics; Navman marine and GPS-based products; IDS dealer management systems; Albemarle, Arvor, Baja, Bayliner, Bermuda, Boston Whaler, Crestliner, Hatteras, Lowe, Lund, Maxum, Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood marine parts and accessories; Land 'N' Sea marine parts and accessories distributor; Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey and foosball tables. For more information, visit www.brunswick.com .
Web site: www.brunswick.com
Source: Brunswick Corporation
Dan Kubera, Director -- Public and Financial Relations, of Brunswick Corporation, +1-847-735-4617