Marine
Brunswick Acquires Florida Marina
Partners With MarineMax on Purchase LAKE FOREST, Ill., Feb. 14 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) announced today that it has acquired a marina on Florida's West
Coast. This marina is adjoined by a large boat and yacht service facility
that was simultaneously purchased by MarineMax, Inc. (NYSE: HZO). Terms of
the transaction were not disclosed.
The marina and service facility, known as Great American Marine, is
conveniently located just off the Intracoastal Waterway on Boca Ciega Bay near
St. Petersburg, Fla. Brunswick will own the 95-slip marina, while MarineMax
will own and operate the service portion of the property.
"This is the first of what Brunswick hopes will be further initiatives to
partner with our entire network of dealers to provide our customers with
access to water, and to provide an exceptional boating experience," explained
Dustan E. McCoy, chairman and chief executive officer of Brunswick
Corporation. "This partnership with MarineMax, with their customer-centric
strategies, is a great place to start. Going forward, we will continue to
explore means to advance the interests of boating and of all of our dealer
partners."
William H. McGill, Jr., chairman, chief executive officer, and president
of MarineMax, stated, "We are very excited to acquire a service facility of
this scale on the West Coast of Florida. This new facility complements our
already strong presence in the area and further enhances our strategy of
improving our customers' experience. We are glad to be in partnership with
Brunswick Corporation, which purchased the adjoining marina. We feel the
service facility and the marina will bring added synergies to both companies
and demonstrates the strength of our relationship."
Brunswick said it plans to evaluate opportunities to update the marina
facilities in the near future.
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, HarrisKayot, 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 and Kellogg Marine parts and
accessories distributors; 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 http://www.brunswick.com .
SOURCE: Brunswick Corporation
CONTACT: Kathryn Chieger, Vice President - Corporate and Investor
Relations of Brunswick Corporation, +1-847-735-4612
Web site: http://www.brunswick.com
