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Author Topic: Brunswick Finalizes Sale of Bowling Division  (Read 30056 times)

twocentsless

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Brunswick Finalizes Sale of Bowling Division
« on: May 26, 2015, 12:15:00 PM »
Brunswick Corp. announced today, May 26, that it 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,” Brunswick chairman and CEO Dustan E. McCoy said in a statement. 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 range of $270 million to $290 million that was provided in the company’s original projections. Brunswick’s capital strategy prioritizes growth investments and acquisitions in the marine and fitness segments, maintaining a strong balance sheet and returning cash to shareholders, McCoy reiterated.

 

kidlost2000

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #31 on: June 01, 2015, 01:25:43 PM »
Ahhh they are slow to show up but when they do they are pounding the same drum as usual.  "Buy American" is a great t-shirt campaign for an overseas company to capitalize on.
« Last Edit: June 01, 2015, 02:07:03 PM by kidlost2000 »
…… you can't  add a physics term to a bowling term and expect it to mean something.

9andaWiggle

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #32 on: June 01, 2015, 03:08:40 PM »
I'll check my closet. I do own gloves, not sure why.

Ok, I will beat 9andawiggle to this:  Are they velcro?

: )

PS  Good luck in Michigan, there are a lot of good people there so you should fit in.



They's some rednecks up there too, so even if they aren't velcro mittens, finding some shouldn't be a problem! ;)

Good Luck!
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tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #33 on: June 01, 2015, 04:25:04 PM »
Ahhh they are slow to show up but when they do they are pounding the same drum as usual.  "Buy American" is a great t-shirt campaign for an overseas company to capitalize on.
The point is, buy American when and where you can. In the bowling industry, wye can. It's as simple as that.

kidlost2000

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #34 on: June 01, 2015, 07:39:06 PM »
Ahhh they are slow to show up but when they do they are pounding the same drum as usual.  "Buy American" is a great t-shirt campaign for an overseas company to capitalize on.
The point is, buy American when and where you can. In the bowling industry, wye can. It's as simple as that.

Not everyone reflects that sentiment.  The side over looked by most.  Brunswick moved production,  no one considers that it is still based in the U.S. and has plenty of employees here.  Brunswick pays taxes here and also has an impact on the economy.  UPS ships their product from Mexico into the U.S. to distributors who make a profit selling to proshops and then proshops make a profit selling to bowlers.  Each pays taxes on the product down the line.  The product is shipped across the U.S. by various companies during the process which supports other U.S. workers. Brunswick brands on the PBA tour,  Brunswick at USBC nationals tournament,  Brunswick sponsered local players.  All an extension of the U.S. based company.

Most have limited vision. I can see the same arguement 40 years ago with automobiles. It becomes a hollow point when most spout it in reference to a bowling ball and honestly doesnt apply it in their normal life.
« Last Edit: June 01, 2015, 07:41:59 PM by kidlost2000 »
…… you can't  add a physics term to a bowling term and expect it to mean something.

charlest

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #35 on: June 01, 2015, 10:27:32 PM »


Most have limited vision. I can see the same argument 40 years ago with automobiles. It becomes a hollow point when most spout it in reference to a bowling ball and honestly doesnt apply it in their normal life.

Indeed!!
To corroborate that, Consumers Union recently reported that contrary to public opinion, The Chevrolet Malibu and the Chevrolet Impala currently contain 62% parts "Made in America" while the Honda Accord and Toyota Camry currently contain 70% parts "Made in America". Considering the number of parts contained within a car these days, that difference is a huge one.
"None are so blind as those who will not see."

BallReviews-Removed0385

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #36 on: June 01, 2015, 10:48:33 PM »
Some completely ignore that their clothing is manufactured all over the world, but somehow get "patriotic" when it comes to their bowling balls. 

There are hard working, industrious people all over the globe and it's rather narrow-minded to believe anything produced outside the U.S.A. is substandard. 

As I talk with distributors, the number of warranty returns is extremely low with the Brunswick brands.  There are so many companies in all areas of the economy who have moved production outside the United States for their own reasons.
« Last Edit: June 01, 2015, 10:51:06 PM by notclay »

northface28

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #37 on: June 01, 2015, 11:19:08 PM »
Typically, the guys hollering "Buy American" are complaining  out the other side of their mouth about the price. Fitting, isn't it?
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billdozer

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #38 on: June 02, 2015, 12:36:49 AM »
Sorry for the rant:
Didn't care for em since the inferno, 'USA'

the intense inferno was the decline..

U can't honestly say the product got better within the market vs competitors since moving to mexico (I support what ever moves they gotta make to keep Brunswick alive though...just speculating as a customer)

And certainly can't say it'll be better now.  Cmon...I can read the writing on the walll.

Rash is a terrible face for a company...your face of the co. can't be a bad guy, he's not even a good bad guy..not sure why I dont like him...I just dont! And I'm a huge fan of petraglia, pb3, sterner, Hess, Smallwood....

Do not confuse my tone with taking stabs...this is how I see it..and why I don't buy.  There are reasons I dont play with ebo and 900G too.  Terrible experiences with many balls in a row..

900G with storm influence intrigues me, and I wanna try radical...but never EBI again!

« Last Edit: June 02, 2015, 12:40:58 AM by billdozer »
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tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #39 on: June 02, 2015, 03:41:10 AM »
Ahhh they are slow to show up but when they do they are pounding the same drum as usual.  "Buy American" is a great t-shirt campaign for an overseas company to capitalize on.
The point is, buy American when and where you can. In the bowling industry, wye can. It's as simple as that.

Not everyone reflects that sentiment.  The side over looked by most.  Brunswick moved production,  no one considers that it is still based in the U.S. and has plenty of employees here.  Brunswick pays taxes here and also has an impact on the economy.  UPS ships their product from Mexico into the U.S. to distributors who make a profit selling to proshops and then proshops make a profit selling to bowlers.  Each pays taxes on the product down the line.  The product is shipped across the U.S. by various companies during the process which supports other U.S. workers. Brunswick brands on the PBA tour,  Brunswick at USBC nationals tournament,  Brunswick sponsered local players.  All an extension of the U.S. based company.

Most have limited vision. I can see the same arguement 40 years ago with automobiles. It becomes a hollow point when most spout it in reference to a bowling ball and honestly doesnt apply it in their normal life.
I see that you missed my point. I mentioned that, when an American made product is readily available, I buy it. Name 1 major bowling company that is made outside of the US? Well, there is only 1. So how can the rest of the companies still record a profit here in the US, and the 1 other company can't? I get that my shirt, shoes, and pants are all from Thailand, Vietnam, or China. But those are the norm for the industry and find American clothing isn't as readily available as say Storm, Motiv, Hammer, or 900G. My point is/was, there is better stuff on the market, and the balls are made by Bill, Tom, and Jane as opposed to Juan, Roberto, and Guatalope. And Bill, Tom, and Jane will place their income back into our economy.

Now, before some of you get sideways about what I am saying, I worked in a production facility during my youth. You would be surprised at how many employees are actually employees by these facilities. And with B making 3 different bowling companies under 1 roof, you are eliminating hundreds of American workers, while the REST of the ball industry is employing them. That is all.

billdozer

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #40 on: June 02, 2015, 05:14:18 AM »
Ahhh they are slow to show up but when they do they are pounding the same drum as usual.  "Buy American" is a great t-shirt campaign for an overseas company to capitalize on.
The point is, buy American when and where you can. In the bowling industry, wye can. It's as simple as that.

Not everyone reflects that sentiment.  The side over looked by most.  Brunswick moved production,  no one considers that it is still based in the U.S. and has plenty of employees here.  Brunswick pays taxes here and also has an impact on the economy.  UPS ships their product from Mexico into the U.S. to distributors who make a profit selling to proshops and then proshops make a profit selling to bowlers.  Each pays taxes on the product down the line.  The product is shipped across the U.S. by various companies during the process which supports other U.S. workers. Brunswick brands on the PBA tour,  Brunswick at USBC nationals tournament,  Brunswick sponsered local players.  All an extension of the U.S. based company.

Most have limited vision. I can see the same arguement 40 years ago with automobiles. It becomes a hollow point when most spout it in reference to a bowling ball and honestly doesnt apply it in their normal life.
I see that you missed my point. I mentioned that, when an American made product is readily available, I buy it. Name 1 major bowling company that is made outside of the US? Well, there is only 1. So how can the rest of the companies still record a profit here in the US, and the 1 other company can't? I get that my shirt, shoes, and pants are all from Thailand, Vietnam, or China. But those are the norm for the industry and find American clothing isn't as readily available as say Storm, Motiv, Hammer, or 900G. My point is/was, there is better stuff on the market, and the balls are made by Bill, Tom, and Jane as opposed to Juan, Roberto, and Guatalope. And Bill, Tom, and Jane will place their income back into our economy.

Now, before some of you get sideways about what I am saying, I worked in a production facility during my youth. You would be surprised at how many employees are actually employees by these facilities. And with B making 3 different bowling companies under 1 roof, you are eliminating hundreds of American workers, while the REST of the ball industry is employing them. That is all.

U just dont get why B is better TKK...ugh! Wait neither do I?
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itsallaboutme

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #41 on: June 02, 2015, 05:58:35 AM »
If Brunswick's move from Michigan to Mexico was only about money they would have sent production to Asia.  They could have partnered with a company like Via and made balls much cheaper than building a plant in Mexico.  The only thing the Asian factories lack is a strong coverstock.   

Bowling ball sales dollars were not even big enough to be a rounding error on the Brunswick Corporation's financial statements.  Yet they drug up and built a new facility in Mexico.  The bowling division was a pawn so in all future union negotiations they could use the threat of moving production out of the country.  Moving to Mexico keeps it close, but probably out of the jurisdiction of the union contract.

I'm probably wrong but I tend to look for the conspiracies in everything. And if something like this went down it was probably not known about by anyone outside of the corporate officers and board of directors.

tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #42 on: June 02, 2015, 06:26:32 AM »
If you are saying the purpose was to dodge becoming a Union, then it is indeed about money. American Union workers make 10-30% more than non. So one can imagine how much more than make than the Mexican workers.

itsallaboutme

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #43 on: June 02, 2015, 06:45:15 AM »
Everything is about money, I just think the move had a bigger strategy than saving a few dollars on a bowling ball.

tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #44 on: June 02, 2015, 06:56:56 AM »
I agree it is much broader than that, yes. But ultimately it was a move to save money. And before I read that their balls are cheaper, they are. About 2 months after release, they are closeout at most online retailers  ;D

BallReviews-Removed0385

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #45 on: June 02, 2015, 07:10:26 AM »
Brunswick's old production facility on Michigan was badly outdated, AND, they were paying union workers $25 - $45 per hour to build bowling balls.  How can any company remain in business in today's tight profit margins that way? 

Brunswick invested 25 million dollars into their new plant in order to stay in business AND to enable them to progress and do things (technologically) they've never done before with bowling balls.  If another U.S. company were faced with the similar situation (and they are) they'll usually opt to stay in business rather than board up the windows and doors.  They are still employing LOTS of U.S. workers as opposed to none.  Get it?

By the way, I've been inside the production plant of a very well respected (in our industry) manufacturer here in Utah.  If you think all workers within those walls are all born on U.S. soil, you'd be dead wrong! 

Racist undertones always come out in this topic.  Call it like it is.  If they had moved production to Canada, for example, this wouldn't even be a topic for discussion very long.  You know it, and the rest of the world knows it, too.  Racism and "selective patriotism" seem to go hand-in-hand.


« Last Edit: June 02, 2015, 07:15:06 AM by notclay »