Brunswick Corporation : Brunswick Completes Divestiture of Bowling Products Business to BlueArc Capital Management

Download as PDF 



LAKE FOREST, Ill., May 26, 2015 - Brunswick Corporation (NYSE: BC) today
announced it has completed the sale of its Bowling Products business to BlueArc
Capital Management, LLC, a private investment firm based in Atlanta. Terms of
the transaction were not disclosed.

"We are pleased that the buyer is a long-term investor and that the Brunswick
name and all that it stands for will carry on and continue to set the standard
in the bowling industry," explained Brunswick Chairman and Chief Executive
Officer Dustan E. McCoy.

In 2014, Brunswick completed the sale of its retail bowling centers to Bowlmor
AMF, and now reports the historical results of both the Bowling Retail and
Products businesses as discontinued operations.

Brunswick anticipates net proceeds from both of these sales actions, which
reflect current estimates of taxes and liabilities yet-to-be paid, to be in the
$270 to $290 million range provided in the Company's original projections.

As previously stated, Brunswick's capital strategy prioritizes growth
investments and acquisitions in the Marine and Fitness segments, maintaining a
strong balance sheet and returning cash to our shareholders, McCoy reiterated.

Lazard served as exclusive financial advisor to Brunswick Corporation.


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; Attwood and Whale marine parts and
accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine, BLA and Bell RPG
parts and accessories distributors; Bayliner, Boston Whaler, Brunswick
Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund,
Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life
Fitness and Hammer Strength fitness equipment, and Brunswick billiards tables
and table tennis.  For more information, visit http://www.brunswick.com.


Release: IMMEDIATE
Contact:   Daniel Kubera
                Director - Media Relations and Corporate Communications
Phone:     847-735-4617
Email:       daniel.kubera@brunswick.com



                                     # # #





This announcement is distributed by GlobeNewswire on behalf of 
GlobeNewswire clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Brunswick Corporation via GlobeNewswire
[HUG#1923319]

Released May 26, 2015