BRP puts marine business on the block to focus on powersports [Financial Post (Toronto, Ontario, Canada)]
BRP Inc. - Common Subordinate Voting Shares (DOOO)
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Source: Financial Post
VALCOURT, Que. — BRP Inc. has put its marine businesses up for sale as it looks to focus on its powersports operations. The company says it is looking to sell its Alumacraft, Manitou, Telwater and marine parts, accessories and apparel businesses. The sale excludes its Sea-Doo personal watercraft, Sea-Doo Switch pontoons and jet propulsion systems. BRP chief executive Jose Boisjoli says the company has built a solid foundation by investing in the development of innovative marine products and upgrading the production facilities. He says the brands for sale can offer attractive value creation opportunities for a new owner. BRP has hired National Bank Financial Inc. to help with the process. Share this article in your social network
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