Brunswick Sells Hoppe's to Michaels of Oregon

Apr 11, 2001, 01:00 ET from Brunswick Corporation

    LAKE FOREST, Ill., April 11 /PRNewswire/ -- Brunswick Corporation
 (NYSE:   BC) announced today that it has completed the sale of its Hoppe's
 shooting sports accessories business to Michaels of Oregon Co., a specialty
 manufacturer based in Oregon City, Ore.  Terms of the transaction were not
 disclosed.
     "With this latest transaction, we continue to make steady progress toward
 completing the planned divestiture of our outdoor businesses," said George W.
 Buckley, Brunswick's chairman and chief executive officer.  "During the fourth
 quarter of 2000 we sold our bicycle, sleeping bag, camping equipment and
 Remington outdoor apparel businesses.  We are currently focused on completing
 the sale of our remaining fishing and cooler businesses.
     "By divesting these businesses, we are better positioned to devote our
 full attention to building our market-leading businesses in marine engines,
 pleasure boats, fitness equipment, bowling and billiards."
     Michaels of Oregon is a leading source for holsters, belts, gun cases and
 other accessories for recreational shooters and law enforcement officials.
     Headquartered in Lake Forest, Ill., Brunswick Corporation is a marketer
 and manufacturer of leading consumer brands including Mercury and Mariner
 outboard engines; Mercury MerCruiser sterndrives and inboard engines; Sea Ray,
 Bayliner and Maxum pleasure boats; Baja high-performance boats; Boston Whaler
 and Trophy offshore fishing boats; Princecraft deck and pontoon boats; Life
 Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling
 centers, equipment and consumer products; and Brunswick billiards tables.
 
 

SOURCE Brunswick Corporation
    LAKE FOREST, Ill., April 11 /PRNewswire/ -- Brunswick Corporation
 (NYSE:   BC) announced today that it has completed the sale of its Hoppe's
 shooting sports accessories business to Michaels of Oregon Co., a specialty
 manufacturer based in Oregon City, Ore.  Terms of the transaction were not
 disclosed.
     "With this latest transaction, we continue to make steady progress toward
 completing the planned divestiture of our outdoor businesses," said George W.
 Buckley, Brunswick's chairman and chief executive officer.  "During the fourth
 quarter of 2000 we sold our bicycle, sleeping bag, camping equipment and
 Remington outdoor apparel businesses.  We are currently focused on completing
 the sale of our remaining fishing and cooler businesses.
     "By divesting these businesses, we are better positioned to devote our
 full attention to building our market-leading businesses in marine engines,
 pleasure boats, fitness equipment, bowling and billiards."
     Michaels of Oregon is a leading source for holsters, belts, gun cases and
 other accessories for recreational shooters and law enforcement officials.
     Headquartered in Lake Forest, Ill., Brunswick Corporation is a marketer
 and manufacturer of leading consumer brands including Mercury and Mariner
 outboard engines; Mercury MerCruiser sterndrives and inboard engines; Sea Ray,
 Bayliner and Maxum pleasure boats; Baja high-performance boats; Boston Whaler
 and Trophy offshore fishing boats; Princecraft deck and pontoon boats; Life
 Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling
 centers, equipment and consumer products; and Brunswick billiards tables.
 
 SOURCE  Brunswick Corporation