Fountain Aquired Baja
03-21-2008, 12:24 PM
#161
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I've got a bit of a theory and a hunch why the big black gorilla bailed!
First, its typical of large american corporate attitude today.
boy, if this thing doesn't make money right now and doesn't make the head corporate honchos look good so they can justify their big prefered stock options and golden parachute bonuses and severence packages, its
"Off with its Head" Why heck, they can't be bothered right now with their own bad management style and short sighted deceisions, they're playing a very important round of golf at the club right now!
Forget the fact that these very "Board Lice" instructions, pressures and demands sometimes make those at the design, production and sales ends of these very corporations make short sighted decsions and moves that put corporations like Baja Marine in a bad postion in the market place and lead to weaken products and offerings!
the end result to many times in America today, Cut our losses, close it down and lets not worry about the long term affects on the labor force, suppliers, local economy, or dealers and customers. We must protect the "Shareholder" in all situations ! so goes current American Stockholder corporation mantra and American jobs and production companies, communities and suppliers go right down the tubes of "Profit at all costs" , no matter how bad we the Parent corporation screwed things up!
Since when have stock purchasing shareholders been guarenteed a profit and since when did anyone say running a manufacturing business was easy!
We as a nation put a man ofn the moon in 1969, trust me in 2008 we can fix whats wrong with american business, we just need to have the people in control roll up their sleeves, burn some midnight oil and get to work! and when they make bad decesions or moves, correct those moves and not run crying from the Party! "Oh the poor shareholder!"
Just my theory and worthless two cents!
Best Regards,
Ray @ Raylar
PS When the going gets tough, the tough get going !!
First, its typical of large american corporate attitude today.
boy, if this thing doesn't make money right now and doesn't make the head corporate honchos look good so they can justify their big prefered stock options and golden parachute bonuses and severence packages, its
"Off with its Head" Why heck, they can't be bothered right now with their own bad management style and short sighted deceisions, they're playing a very important round of golf at the club right now!
Forget the fact that these very "Board Lice" instructions, pressures and demands sometimes make those at the design, production and sales ends of these very corporations make short sighted decsions and moves that put corporations like Baja Marine in a bad postion in the market place and lead to weaken products and offerings!
the end result to many times in America today, Cut our losses, close it down and lets not worry about the long term affects on the labor force, suppliers, local economy, or dealers and customers. We must protect the "Shareholder" in all situations ! so goes current American Stockholder corporation mantra and American jobs and production companies, communities and suppliers go right down the tubes of "Profit at all costs" , no matter how bad we the Parent corporation screwed things up!
Since when have stock purchasing shareholders been guarenteed a profit and since when did anyone say running a manufacturing business was easy!
We as a nation put a man ofn the moon in 1969, trust me in 2008 we can fix whats wrong with american business, we just need to have the people in control roll up their sleeves, burn some midnight oil and get to work! and when they make bad decesions or moves, correct those moves and not run crying from the Party! "Oh the poor shareholder!"
Just my theory and worthless two cents!
Best Regards,
Ray @ Raylar
PS When the going gets tough, the tough get going !!
03-21-2008, 12:25 PM
#162
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Today it is ranked #39.
Sad....the trend continues.
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03-21-2008, 01:43 PM
#164
Why do you think so much business is moving out of the "socialistic" north and down here to the frontier-like "redneck" south, esp Texas? Because we have no state income tax and far less welfare and entitlements. The labor unions ( I apologize in advance) HAVE been a socialistic effect on the US economy and saddled manufacturers with incredible costs of production esp. for employee heatlthcare and retirement plans. I have a good friend right now making $4M a year selling high quality USA scrap metal to the Chinese so that they can manufacture it into "stuff" that they sell back to us. Much of the USA has lost its work ethic and instead we drink yoo much and b-tch and moan while watching the "Lifestyles of the Rich and Famous" and lament that we "deserve it" too. The problem is the USA has been brainwashed by the US media into an "I deserve it" attitude about everything from free health care to free food to free TV's to free food for illegitimate children to free social security for illegal aliens to bash whitey because he's such a bigot and I tell you, we are in a shake-up right now all over this country and those of us still with decent jobs better grow an attitude of gratitude or the US is going to begin one big downward spiral. What's with all the lowered interest rates? So the Chinese and the Indians can continue to buy up all our land and assets? How much of Hawaii is NOT owned by the Japanese? WAKE UP you all - AND GO BACK to work. Creat a job for yourself. Do what others refuse to do or don't want to do, and watch the paychecks come in.
Last edited by On Time; 03-21-2008 at 01:47 PM.
03-21-2008, 02:02 PM
#165
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Why do you think so much business is moving out of the "socialistic" north and down here to the frontier-like "redneck" south, esp Texas? Because we have no state income tax and far less welfare and entitlements. The labor unions ( I apologize in advance) HAVE been a socialistic effect on the US economy and saddled manufacturers with incredible costs of production esp. for employee heatlthcare and retirement plans. I have a good friend right now making $4M a year selling high quality USA scrap metal to the Chinese so that they can manufacture it into "stuff" that they sell back to us. Much of the USA has lost its work ethic and instead we drink yoo much and b-tch and moan while watching the "Lifestyles of the Rich and Famous" and lament that we "deserve it" too. The problem is the USA has been brainwashed by the US media into an "I deserve it" attitude about everything from free health care to free food to free TV's to free food for illegitimate children to free social security for illegal aliens to bash whitey because he's such a bigot and I tell you, we are in a shake-up right now all over this country and those of us still with decent jobs better grow an attitude of gratitude or the US is going to begin one big downward spiral. What's with all the lowered interest rates? So the Chinese and the Indians can continue to buy up all our land and assets? How much of Hawaii is NOT owned by the Japanese? WAKE UP you all - AND GO BACK to work. Creat a job for yourself. Do what others refuse to do or don't want to do, and watch the paychecks come in.
03-21-2008, 02:04 PM
#166
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Brunswick selling Baja brand to Fountain
Brunswick Corp. plans to close its Baja plant in Bucyrus, Ohio, and sell the high-performance boat business to Fountain Powerboats. Terms were not disclosed.
Brunswick late Thursday afternoon said a letter of intent to sell its Baja assets had been signed, although completion of the sale is subject to certain unspecified conditions.
Lake Forest, Ill.-based Brunswick intends to end Baja production by the end of May, consistent with the close of the 2008 model year. The plant shutdown, when completed, will mean a loss of about 285 jobs.
“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 CEO Dustan E. McCoy, in a statement. "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.”
Brunswick says it will strive to transfer as many employees as possible to other Brunswick plants, or to the Fountain plant in Washington, N.C. Employees unable or unwilling to transfer will receive severance pay, according to Brunswick.
Brunswick estimates asset writedowns, along with severance pay and other costs associated with the plant closure, could total between $10 million and $15 million, pre-tax.
Brunswick Corp. plans to close its Baja plant in Bucyrus, Ohio, and sell the high-performance boat business to Fountain Powerboats. Terms were not disclosed.
Brunswick late Thursday afternoon said a letter of intent to sell its Baja assets had been signed, although completion of the sale is subject to certain unspecified conditions.
Lake Forest, Ill.-based Brunswick intends to end Baja production by the end of May, consistent with the close of the 2008 model year. The plant shutdown, when completed, will mean a loss of about 285 jobs.
“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 CEO Dustan E. McCoy, in a statement. "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.”
Brunswick says it will strive to transfer as many employees as possible to other Brunswick plants, or to the Fountain plant in Washington, N.C. Employees unable or unwilling to transfer will receive severance pay, according to Brunswick.
Brunswick estimates asset writedowns, along with severance pay and other costs associated with the plant closure, could total between $10 million and $15 million, pre-tax.
03-21-2008, 03:01 PM
#168
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This is interesting
http://www.bucyrustelegraphforum.com...EWS01/80321002
Fountain Powerboats CEO hasn’t ruled out making boats at local plant
By Anthony Conchel
Telegraph-Forum Editor
BUCYRUS — The chairman and CEO of Fountain Powerboats has not ruled out the possibility of making boats at the local Baja Marine facility.
Reggie Fountain, in an exclusive interview with the Telegraph-Forum Friday afternoon, said he will visit the Bucyrus plant soon.
“We’re coming up there in the next week or two ... to walk through the plant and meet the workers. We’ve not yet made any decision on where we’ll build the boats,” Fountain said.
Located on the North Carolina coast, Fountain Powerboats makes sports boats, fishing boats and cruisers.
On Thursday Brunswick announced it was selling the local plant to Fountain’s company. About 285 people would lose their jobs in a permanent layoff by May 23.
“We’ve not decided if we’ll make them down here, in Bucyrus or anywhere else in the country,” Fountain said.
“We’re gonna take a look at it and see what makes sense.”
Baja, which opened in Bucyrus in 1956, has undergone expansions and layoffs over the years.
Fountain said no one from the city of Bucyrus or Crawford County had contacted him about the future.
“They all need to call me up,” he said.
He added the past few days have been “a really busy time. I’m all over the place, in planes or in meetings.”
Mayor Dan Ross said he intended to call Fountain immediately.
“That’s definitely a positive sign. I’m going to call him right away,” he said.
Ross added, “We can’t afford to lose employees and we want them to be assured that Dave Williamson (Crawford County Economic Development director) and I will do as much as we can to keep as many jobs here as we can.”
Fountain said he understands the uncertainty that surrounds Baja Marine and its workforce.
“I’m happy to entertain any propositions or discussions they might have. We spent a few hours there (Bucyrus) and didn’t really get to meet too many of the people. We’re coming back to look.
“Jobs come at a premium today, don’t they?” he said.
[email protected]
419-563-9220
Originally published March 21, 2008
http://www.bucyrustelegraphforum.com...EWS01/80321002
Fountain Powerboats CEO hasn’t ruled out making boats at local plant
By Anthony Conchel
Telegraph-Forum Editor
BUCYRUS — The chairman and CEO of Fountain Powerboats has not ruled out the possibility of making boats at the local Baja Marine facility.
Reggie Fountain, in an exclusive interview with the Telegraph-Forum Friday afternoon, said he will visit the Bucyrus plant soon.
“We’re coming up there in the next week or two ... to walk through the plant and meet the workers. We’ve not yet made any decision on where we’ll build the boats,” Fountain said.
Located on the North Carolina coast, Fountain Powerboats makes sports boats, fishing boats and cruisers.
On Thursday Brunswick announced it was selling the local plant to Fountain’s company. About 285 people would lose their jobs in a permanent layoff by May 23.
“We’ve not decided if we’ll make them down here, in Bucyrus or anywhere else in the country,” Fountain said.
“We’re gonna take a look at it and see what makes sense.”
Baja, which opened in Bucyrus in 1956, has undergone expansions and layoffs over the years.
Fountain said no one from the city of Bucyrus or Crawford County had contacted him about the future.
“They all need to call me up,” he said.
He added the past few days have been “a really busy time. I’m all over the place, in planes or in meetings.”
Mayor Dan Ross said he intended to call Fountain immediately.
“That’s definitely a positive sign. I’m going to call him right away,” he said.
Ross added, “We can’t afford to lose employees and we want them to be assured that Dave Williamson (Crawford County Economic Development director) and I will do as much as we can to keep as many jobs here as we can.”
Fountain said he understands the uncertainty that surrounds Baja Marine and its workforce.
“I’m happy to entertain any propositions or discussions they might have. We spent a few hours there (Bucyrus) and didn’t really get to meet too many of the people. We’re coming back to look.
“Jobs come at a premium today, don’t they?” he said.
[email protected]
419-563-9220
Originally published March 21, 2008
03-21-2008, 03:12 PM
#169
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03-21-2008, 03:33 PM
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True, but in some ways the cycle is swinging back. I deal with alot of folks in the specialty macine trades. Most of them are very busy right now. Several years back, alot of their work went to China- especially molds and tooling. What China sent was usually lower quality, lesser lifespan or sometimes totally unusable. Now tooling buyers have been looking at some numbers and seeing that Chinese tooling didn't save them the kind of $$ they thought. Problem is, the supplier-side has contracted. Some of the tool makers have gone under so capacity isn't there. That's helped bring prices up for the guys that remain. problem is, there's a shortage of qualified personnel right now.
Sure, things have changed. The only permanent thing is change. Just as the Chinese took precision tooling, it's coming back. It may go somewhere else someday but something will take it's place. I don't envision the Chinese bringing us high performance boats anytime soon though.
Sure, things have changed. The only permanent thing is change. Just as the Chinese took precision tooling, it's coming back. It may go somewhere else someday but something will take it's place. I don't envision the Chinese bringing us high performance boats anytime soon though.
