Brunswick Acquires Cabo Yachts, Joining Hatteras Collection to Expand Offshore Sportfishing Choices

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    LAKE FOREST, Ill., Feb. 16 - Brunswick Corporation (NYSE: BC) announced today it has acquired Cabo Yachts. Terms of the transaction were not disclosed. Founded in 1991, Cabo builds offshore sportfishing boats -- both express and flybridge models -- from 31 to 52 feet at its production facility and headquarters in Adelanto, Calif., near Los Angeles.

    "Cabo is an excellent addition to our Hatteras Collection of sportfishing offerings, joining the Albemarle and Hatteras brands," explained Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "The Cabo brand has a well-earned reputation for design, quality, performance and 'fishability,' all prized characteristics within the Brunswick Boat Group."

    "Among other valuable elements, Cabo nicely bridges the gap in our sportfishing line-up between Albemarle and Hatteras," McCoy said. "The Hatteras Collection now offers a full range of sportfishing convertibles and motoryachts from 24 - 90 feet. With Cabo, we will serve a broader range of sportfishing enthusiasts and fill out some of the remaining 'white space' within our domestic product portfolio."

    "Cabo rounds out our line-up of offshore sportfishing products," added Bill Naumann, president of the Hatteras Collection. "With Albemarle, Cabo and Hatteras we now offer a range of products that share a commitment to quality, service and innovation. Our full product offering allows boaters to 'grow' with the line as their expectations and resources evolve."

    Cabo's 400 employees and production facility will remain based in Adelanto, as will its current executive staff including Henry Mohrschladt, who will retain his role of Cabo president. Mike Howarth will remain in his new role of senior vice president and chief operating officer, and Greg Bourque continues on with the new title of vice president - sales and marketing.

    About Brunswick

    Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic controls; Northstar marine electronics; Navman marine and GPS-based products; IDS dealer management systems; Albemarle, Arvor, Baja, Bayliner, Bermuda, Boston Whaler, Cabo Yachts, Crestliner, HarrisKayot, Hatteras, Lowe, Lund, Maxum, Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood marine parts and accessories; Land 'N' Sea and Kellogg Marine parts and accessories distributor; Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey and foosball tables. For more information, visit http://www.brunswick.com .
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