BRP puts marine businesses up for sale as it looks to focus on powersports [Globe and Mail, The (Toronto, Canada)]
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BRP Inc. - Common Subordinate Voting Shares (DOOO)
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Source: Globe and Mail, The
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. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Sign up Explore newsletters Report an editorial error Report a technical issue Tickers mentioned in this story Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 17/10/24 10
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