Brunswick Corporation: Sale of Sea Ray Boat Business is Credit Positive
CORPORATES ISSUER COMMENT 7 December 2017 Contacts Kevin Cassidy +1.212.553.1676 VP-Sr Credit Officer [email protected] Peter H. Abdill, CFA +1.212.553.4024 MD-Corporate Finance [email protected] Daniel Greszta +1.212.553.7707 Associate Analyst [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEABrunswick is a global designer, manufacturer, and marketer of recreation marine products including marine engines, boats, and parts and accessories for those products. The company operates in the following segments: Marine Engine, which manufactures and markets a range of outboard, sterndrive, and inboard engine and propulsion systems under, among other brand names, Mercury, Mercury MerCruiser, Mercury Racing, and MotorGuide brands; and Boat, which manufactures and markets the following types of boats: fiberglass sport boats, cruisers, sport fishing and center-console, offshore fishing, aluminum and fiberglass fishing, pontoon, utility, deck, inflatable, tow/wake, and heavy-gauge aluminum.
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