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Brunswick Corporation expands boat manufacturing ability to satisfy unprecedented global need

Brunswick Corporation expands boat manufacturing ability to satisfy unprecedented global need

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METTAWA, Ill., Jan 25, 2021 (Globe NEWSWIRE by using COMTEX) —
METTAWA, Sick., Jan. 25, 2021 (Globe NEWSWIRE) — Brunswick Company (NYSE: BC) these days introduced that it is rising generation potential at three of its world wide boat production services to fulfill unprecedented consumer demand from customers and support in replenishing historically small industry stock stages.

Brunswick will reopen its 225,000 sq.-foot Palm Coast, Florida boat production facility to broaden devoted production ability for Boston Whaler solutions by an further 40 p.c. The Palm Coast facility, which has been inactive due to the fact 2018, was made for the manufacture of substantial boats.

Since 2014, Boston Whaler has invested additional than $60M producing a complete line of award-profitable new products and solutions in addition to expanding production potential by 75 per cent all through that time at its current 550,000 square-foot world-wide headquarters and production center in Edgewater, Florida. In 2019 Brunswick also opened the 45,000 square foot fiberglass boat technological know-how heart in Edgewater, dwelling to the industry’s premier boat product or service progress, engineering and design and style teams.

In addition, Brunswick is increasing boat producing ability at both of those its Reynosa, Mexico and Vila Nova Cerveira, Portugal amenities. The Reynosa facility, which manufactures Bayliner, Heyday, Sea Ray and Lund fiberglass boats, will increase ability by 58 percent about the upcoming 18 months, managing 7 days a week and incorporating an further 260 personnel. The Vila Nova enlargement program is well underway and, in excess of the next 3 a long time, will much more than double creation potential at the facility, which manufactures Bayliner, Uttern and Quicksilver products for the European industry.

“We are committed to conference the escalating desire of our world consumers and have an fast will need to develop capacity in the confront of unparalleled retail desire and pretty very low pipelines across all product or service lines, especially for our fiberglass merchandise,” said Dave Foulkes, Brunswick Company CEO. “Investing more potential in Florida, Mexico and Portugal makes it possible for us to swiftly improve production and undertake even further vertical integration as we keep on to grow sector share and engage with new boaters.”

“We appeared at various options to substantially expand producing capability promptly and with productive investment ranges”, claimed Aine Denari, President, Brunswick Boat Group. “Increasing Boston Whaler creation by reopening the Palm Coastline facility presents fast accessibility to new capability for a fraction of the price tag of constructing a brand name-new facility.”

Boston Whaler currently employs more than 1,200 workforce in Edgewater and will incorporate an supplemental 300-400 positions about the next 18-24 months at Palm Coast a short distance from the Edgewater site. The to start with boats will occur off the output line at the Palm Coastline facility in the 2nd fifty percent of 2021.

About Brunswick:
Headquartered in Mettawa, Sick., Brunswick Corporation’s major consumer makes include things like Mercury Maritime outboard engines Mercury MerCruiser sterndrive and inboard packages Mercury global pieces and accessories like propellers and SmartCraft electronics Electricity Products Integrated Options MotorGuide trolling motors Attwood, Garelick, and Whale marine areas Land ‘N’ Sea, BLA, Payne’s Marine, Kellogg Maritime, and Lankhorst Taselaar maritime sections distribution Mercury and Quicksilver pieces and oils Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats Boating Solutions Network, Flexibility Boat Club, NAUTIC-ON, OnBoard Boating Club and Rentals. For much more information and facts, take a look at https://www.brunswick.com.

Ahead-Hunting Statements
Selected statements in this news launch are forward-on the lookout statements as described in the Non-public Securities Litigation Reform Act of 1995. Ahead-searching statements are based on present expectations, estimates, and projections about Brunswick’s small business and by their mother nature tackle matters that are, to distinctive degrees, unsure. Phrases this kind of as “may well,” “could,” “need to,” “be expecting,” “anticipate,” “venture,” “position,” “intend,” “focus on,” “prepare,” “find,” “estimate,” “feel,” “predict,” “outlook,” and identical expressions are intended to identify forward-looking statements. Ahead-seeking statements are not ensures of long term overall performance and involve particular dangers and uncertainties that could lead to genuine final results to vary materially from expectations as of the date of this information launch. These pitfalls consist of, but are not limited to: the influence of adverse normal economic conditions, such as the sum of disposable income consumers have available for discretionary shelling out improvements in forex exchange charges fiscal policy concerns adverse economic, credit score, and cash market ailments larger strength and fuel charges competitive pricing pressures the coronavirus (COVID-19) pandemic, together with, devoid of limitation, the effect on international economic ailments and on funds and fiscal markets, alterations in shopper conduct and desire, the prospective unavailability of staff or critical amenities, modifications to our functions, and the likely implementation of regulatory actions taking care of our production footprint weather and catastrophic occasion risks worldwide business pitfalls our potential to develop new and revolutionary goods and companies at a competitive cost our ability to meet up with demand in a speedily switching natural environment loss of vital prospects actual or anticipated boosts in costs, disruptions of supply, or defects in raw resources, pieces, or components we obtain from third events, including as a outcome of pressures thanks to the pandemic provider producing constraints, enhanced need for transport carriers, and transportation disruptions absorbing set costs in output joint ventures that do not run exclusively for our advantage our means to correctly carry out our strategic system and progress initiatives attracting and retaining skilled labor, utilizing succession strategies for essential leadership, and executing organizational and management modifications our ability to establish, full, and integrate specific acquisitions the possibility that strategic divestitures will not present company benefits keeping effective distribution ample funding obtain for sellers and consumers needs for us to repurchase inventory stock reductions by sellers, retailers, or independent boat builders dangers related to the Liberty Boat Club franchise enterprise model our means to protect our brands and intellectual house outages, breaches, or other cybersecurity events with regards to our engineering methods, which could affect production and business functions and could end result in shed or stolen information and facts and associated remediation expenses running our share repurchases particular divisive shareholder activist actions modifications to U.S. trade policy and tariffs getting to report an impairment to the price of goodwill and other belongings product legal responsibility, warranty, and other promises challenges authorized and regulatory compliance, which includes increased costs, fines, and reputational risks and alterations in profits tax legislation or enforcement.

Lee Gordon
Vice President - Brunswick Global Communications & General public Relations
Brunswick Office environment: 847-735-4003
Mercury Business office: 920-924-1808
Cell: 904-860-8848
[email protected]

COMTEX_379445133/2471/2021-01-25T07:00:19

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