Fountain buying Baja Molds?
03-20-2008, 08:59 AM
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03-20-2008, 09:07 AM
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I heard that last year reggie or fountian was in finical trouble and brunswick enterd a deal to buy fountian over the next three years and will invest 10 millon in the company each year. and being brunswick already has baja , searay , and has bought triton last year you can see where this is most likely to go. after all all you see is mercs in alll of these.
03-20-2008, 09:22 AM
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I heard that last year reggie or fountian was in finical trouble and brunswick enterd a deal to buy fountian over the next three years and will invest 10 millon in the company each year. and being brunswick already has baja , searay , and has bought triton last year you can see where this is most likely to go. after all all you see is mercs in alll of these.
Lots of small Sea Rays have been coming out Bucyrus over the past few years.
03-20-2008, 06:41 PM
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Brunswick Announces Sale of Baja Marine Assets to Fountain Powerboats
LAKE FOREST, Ill., March 20 - Brunswick Corporation (NYSE: BC) today announced the signing of a letter of intent to sell certain assets relating to its Baja boat business to Fountain Powerboat Industries, Inc., of Washington, N.C. Terms of the agreement were not disclosed, and completion of the sale is subject to certain conditions.
In preparation for the transition, Brunswick plans to end production of Baja boats in Bucyrus, Ohio, by the end of May, consistent with the end of the 2008 model year. As a result of these actions, the company said it estimates that asset write-downs, along with severance and other costs associated with the plant closure, could total between $10 million to $15million, pre-tax.
"This was a strategic decision to further refine our product portfolio and best focus our resources on brands and marine segments that we believe are core to our success going forward," said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "This action in no way reflects upon Baja or the abilities and performance of the Bucyrus work force. We believe, however, that Baja and its dealers will ultimately benefit from being a part of Fountain Powerboats, a company that, like Baja, is a leader in high-performance boats."
When completed, the closing of the Baja plant will mean a loss of approximately 285 positions. Baja leadership will be working diligently to transfer as many employees as possible and practical to either Fountain or other Brunswick manufacturing facilities. For those employees who do not have the opportunity or do not wish to transfer, severance will be provided.
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03-20-2008, 08:06 PM
#20
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Looks like Fountain bought the molds to the 399 Skater V in the deal also as Baja had a set there.
Takes some vision to grow in this economy. Brave vision.
Takes some vision to grow in this economy. Brave vision.
