Marine
Brunswick Acquires Cabo Yachts, Joining Hatteras Collection to Expand Offshore Sportfishing Choices
LAKE FOREST, Ill., Feb. 16 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) announced today it has acquired Cabo Yachts. Terms of the
transaction were not disclosed. Founded in 1991, Cabo builds offshore
sportfishing boats -- both express and flybridge models -- from 31 to 52 feet
at its production facility and headquarters in Adelanto, Calif., near Los
Angeles.
"Cabo is an excellent addition to our Hatteras Collection of sportfishing
offerings, joining the Albemarle and Hatteras brands," explained Brunswick
Chairman and Chief Executive Officer Dustan E. McCoy. "The Cabo brand has a
well-earned reputation for design, quality, performance and 'fishability,' all
prized characteristics within the Brunswick Boat Group."
"Among other valuable elements, Cabo nicely bridges the gap in our
sportfishing line-up between Albemarle and Hatteras," McCoy said. "The
Hatteras Collection now offers a full range of sportfishing convertibles and
motoryachts from 24 - 90 feet. With Cabo, we will serve a broader range of
sportfishing enthusiasts and fill out some of the remaining 'white space'
within our domestic product portfolio."
"Cabo rounds out our line-up of offshore sportfishing products," added
Bill Naumann, president of the Hatteras Collection. "With Albemarle, Cabo and
Hatteras we now offer a range of products that share a commitment to quality,
service and innovation. Our full product offering allows boaters to 'grow'
with the line as their expectations and resources evolve."
Cabo's 400 employees and production facility will remain based in
Adelanto, as will its current executive staff including Henry Mohrschladt, who
will retain his role of Cabo president. Mike Howarth will remain in his new
role of senior vice president and chief operating officer, and Greg Bourque
continues on with the new title of vice president - sales and marketing.
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, Cabo Yachts, 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 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 http://www.brunswick.com .
SOURCE: Brunswick Corporation
CONTACT: Dan Kubera, Director - Media Relations and Corporate
Communications of Brunswick Corporation, +1-847-735-4617
Web site: http://www.brunswick.com
