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"Brunswick completes Acquisition of Marine Innovations"19/04/2004
BRUNSWICK COMPLETESACQUISITION OF MARINE INNOVATIONS LAKE FOREST, Ill.,April 7, 2004 - BrunswickCorporation (NYSE: BC)announced todaythat it has completed its acquisition of the assets ofMarineInnovationsWarranty Corporation of Minnetonka, Minn. Kathy Link, founderofMarineInnovations, will continue as president of newly formed BrunswickProductProtectionCorporation, a unit of Brunswick Financial Services (BFS). Terms ofthetransaction werenot disclosed.Incorporated in1991, Marine Innovations set the standard for extendedproductprotection through its well-known PassporT program. In 1996, thecompanywas first in themarine industry to offer the Legacy Certified Pre-owned warranty,aswell as newcoverage for non-defective mechanical breakdowns such asoverheating,detonation,pre-ignition, scored pistons, scored cylinders and tuliped valveswith theintroduction ofPassporT PremierE."The strength ofits product offerings, market share, strong OEMrelationshipsand dealerconfidence were attractive elements of the acquisition," indicatedGillesMeurice, BFSgeneral manager. "Our programs also include an extensive menuofaccessorycomponent packages providing stem-to-stern protection for virtuallyeverysize and modelboat. We will continue to develop new innovative programs formodelyear 2005 tofurther expand our already comprehensive productline." "With MarineInnovations, Brunswick now offers our qualifying dealers afullcomplement offinancial services," explained Dustan E. McCoy, president oftheBrunswick BoatGroup. "This is another important step in our already broadeffortunder way tomore closely partner with our dealers to help ensure ourmutualsuccess. We aimto envelop our dealers with a wide range of services to ensurethatevery aspect ofpurchasing and owning a boat is a simple and pleasantexperience."In 2003,Brunswick began offering dealers exclusive financing fortheirwholesale needsthrough Brunswick Acceptance Company as well as retail andotherfinancingthrough BFS in cooperation with GE Commercial Distribution FinanceandKeyBank USA,respectively.AboutBrunswickHeadquartered inLake Forest, Ill., Brunswick Corporation endeavors toinstill"GenuineIngenuity" ™ in all its leadingconsumer brands, including Mercury and Mariner outboardengines; Mercury MerCruiser sterndrives and inboardengines; MotorGuide trollingmotors; Teignbridge propellers; MotoTron electroniccontrols; Northstar marineelectronics; Navman GPS-based products; IDS dealermanagement systems; Sea Ray,Bayliner, Maxum, Hatteras, Meridian and Sealine pleasureboats; Bajahigh-performance boats; Boston Whaler and Trophy offshore fishingboats; Crestliner, Lowe,Lund and Princecraft aluminum fishing, deck and pontoonboats; Attwood marineparts and accessories; Land 'N' Sea marine parts andaccessories distributor; LifeFitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowlingcenters, equipment and consumer products; Brunswickbilliards tables; andValley-Dynamo pool, Air Hockey and foosball tables. Formore information, visitwww.brunswick.com. # # #
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