Marine
Brunswick Adds Swansboro Boat Plant to Expand Hatteras Production Capacity
KNOXVILLE, Tenn., Sept 23, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- The Brunswick Boat
Group (BBG) announced today that it has acquired Tiara Yacht's Swansboro boat
plant in Swansboro, N.C. Hatteras Yachts, a Brunswick Boat Group unit that
makes sportfishing convertibles and motoryachts from 50 to 100 feet, will use
the 165,000-square-foot facility to expand its manufacturing capacity.
Hatteras is based in nearby New Bern, N.C.
"We have an immediate need for additional manufacturing capacity to
support the growth of our Hatteras brand and this facility is ideally suited
for that purpose," explained Dustan E. McCoy, president of the Brunswick Boat
Group. "We were especially attracted to the access to deep water that the
site provides, the availability of a skilled and trained workforce, and the
proximity to our existing Hatteras plant."
The Hatteras brand continues to experience strong demand for its
sportfishing convertible and motoryacht models, according to William C.
Naumann, president of the Hatteras Group, which also includes Albemarle Boats
in Edenton, N.C.
"Though there will be some transition as we prepare the Swansboro facility
for Hatteras production, we will immediately seek ways to utilize this new
resource to support our growth. We will begin to familiarize the employees
with Hatteras systems and procedures, while we gear up the facility for full
production in 2006."
"Beyond the immediate benefits of this transaction, the site also provides
us with more than sufficient acreage and space for expansion should that be
warranted as we evaluate our future boat manufacturing footprint
requirements," McCoy added.
Brunswick Boat Group
Based in Knoxville, Tenn., the Brunswick Boat Group is the largest maker
of pleasure boats in the world, with 2004 net sales of $2.3 billion. The Boat
Group makes Albemarle, Baja, Bayliner, Boston Whaler, Crestliner, HarrisKayot,
Hatteras, Lowe, Lund, Maxum, Meridian, Palmetto, Princecraft, Sea Boss, Sea
Pro, Sea Ray, Sealine, Triton and Trophy boats; Attwood marine parts and
accessories; and Land 'N' Sea and Kellogg Marine parts and accessories
distributor.
SOURCE Brunswick Corporation
Dan Kubera, Director - Media Relations and Corporate Communications,
of Brunswick Corporation, +1-847-735-4617
