A BRP logo is shown at the research and innovation plant in Valcourt, Que., on November 9, 2012. BRP has signed a deal to buy Alumacraft Boat, a maker aluminum fishing boats, based in St. Peter, Minn., and plans to create a new marine group. Financial terms of the deal were not immediately available. THE CANADIAN PRESS/Graham Hughes.
Republished June 28, 2018 - 4:57 AM
Original Publication Date June 28, 2018 - 4:11 AM
VALCOURT, Que. - Recreational vehicle maker BRP Inc. has signed a deal to buy Alumacraft Boat, a producer of aluminum fishing boats, based in St. Peter, Minn., and announced plans to create a new marine group.
Financial terms of the deal were not immediately available.
BRP says the deal brings together Alumacraft with its Evinrude outboard motor business.
Tracy Crocker, senior vice-president and general manager of Evinrude, will head the new marine group.
Alumacraft employs more than 250 people in two U.S. locations and has a network of dealers around the world.
BRP is the maker of Ski-Doo snowmobiles and Sea-Doo personal watercraft.
Companies in this story: (TSX:DOO)
News from © The Canadian Press, 2018