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Author Topic: Brunswick Finalizes Sale of Bowling Division  (Read 30943 times)

twocentsless

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Brunswick Finalizes Sale of Bowling Division
« on: May 26, 2015, 12:15:00 PM »
Brunswick Corp. announced today, May 26, that it completed the sale of its bowling products business to BlueArc Capital Management LLC, a private investment firm based in Atlanta.
Terms of the transaction were not disclosed.
“We are pleased that the buyer is a long-term investor and that the Brunswick name and all that it stands for will carry on and continue to set the standard in the bowling industry,” Brunswick chairman and CEO Dustan E. McCoy said in a statement. In 2014, Brunswick completed the sale of its retail bowling centers to Bowlmor AMF and now reports the historical results of both the bowling retail and products businesses as discontinued operations. Brunswick anticipates net proceeds from both of these sales actions, which reflect current estimates of taxes and liabilities yet to be paid, to be in the range of $270 million to $290 million that was provided in the company’s original projections. Brunswick’s capital strategy prioritizes growth investments and acquisitions in the marine and fitness segments, maintaining a strong balance sheet and returning cash to shareholders, McCoy reiterated.

 

HankScorpio

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #46 on: June 02, 2015, 07:18:10 AM »
Ahhh they are slow to show up but when they do they are pounding the same drum as usual.  "Buy American" is a great t-shirt campaign for an overseas company to capitalize on.
The point is, buy American when and where you can. In the bowling industry, wye can. It's as simple as that.

Not everyone reflects that sentiment.  The side over looked by most.  Brunswick moved production,  no one considers that it is still based in the U.S. and has plenty of employees here.  Brunswick pays taxes here and also has an impact on the economy.  UPS ships their product from Mexico into the U.S. to distributors who make a profit selling to proshops and then proshops make a profit selling to bowlers.  Each pays taxes on the product down the line.  The product is shipped across the U.S. by various companies during the process which supports other U.S. workers. Brunswick brands on the PBA tour,  Brunswick at USBC nationals tournament,  Brunswick sponsered local players.  All an extension of the U.S. based company.

Most have limited vision. I can see the same arguement 40 years ago with automobiles. It becomes a hollow point when most spout it in reference to a bowling ball and honestly doesnt apply it in their normal life.
I see that you missed my point. I mentioned that, when an American made product is readily available, I buy it. Name 1 major bowling company that is made outside of the US? Well, there is only 1. So how can the rest of the companies still record a profit here in the US, and the 1 other company can't? I get that my shirt, shoes, and pants are all from Thailand, Vietnam, or China. But those are the norm for the industry and find American clothing isn't as readily available as say Storm, Motiv, Hammer, or 900G. My point is/was, there is better stuff on the market, and the balls are made by Bill, Tom, and Jane as opposed to Juan, Roberto, and Guatalope. And Bill, Tom, and Jane will place their income back into our economy.

Now, before some of you get sideways about what I am saying, I worked in a production facility during my youth. You would be surprised at how many employees are actually employees by these facilities. And with B making 3 different bowling companies under 1 roof, you are eliminating hundreds of American workers, while the REST of the ball industry is employing them. That is all.

U just dont get why B is better TKK...ugh! Wait neither do I?

Of course they aren't "better", all the companies are exactly the same performance-wise. Some probably aren't QUITE as strong as others on the top-end, but they're still as strong as anyone could need. Outside of that, they all make the same shapes and hook abilities. Pro bowler performance never correlates with a company switch, why should it for us?

I will say I was impressed with the longevity I got out of my mastermind, being a high performance, sanded ball.

kidlost2000

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #47 on: June 02, 2015, 07:56:39 AM »
Everyone has their reason for brands they like or don't and I am no different. Selective patriotism is a good assumption by most that we read on here. As mentioned it is "hard" to find clothes made in the U.S. along with other items  but in bowling balls it is very easy because only one of the main manufactures moved production out of the U.S.

Yes we could take a little time to look at other items in our daily life but that may take effort. Who has time for that right? Kind of like buying American made plastic balls? Well that doesn't count because it is plastic. I was hoping for ABS to enter the market to try their products but that didn't happen.
…… you can't  add a physics term to a bowling term and expect it to mean something.

billdozer

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #48 on: June 02, 2015, 08:16:26 AM »
Brunswick's old production facility on Michigan was badly outdated, AND, they were paying union workers $25 - $45 per hour to build bowling balls.  How can any company remain in business in today's tight profit margins that way? 

Brunswick invested 25 million dollars into their new plant in order to stay in business AND to enable them to progress and do things (technologically) they've never done before with bowling balls.  If another U.S. company were faced with the similar situation (and they are) they'll usually opt to stay in business rather than board up the windows and doors.  They are still employing LOTS of U.S. workers as opposed to none.  Get it?

By the way, I've been inside the production plant of a very well respected (in our industry) manufacturer here in Utah.  If you think all workers within those walls are all born on U.S. soil, you'd be dead wrong! 

Racist undertones always come out in this topic.  Call it like it is.  If they had moved production to Canada, for example, this wouldn't even be a topic for discussion very long.  You know it, and the rest of the world knows it, too.  Racism and "selective patriotism" seem to go hand-in-hand.




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kidlost2000

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #49 on: June 02, 2015, 08:58:31 AM »
Id be curious to know the number of employees in any one manufactures production plant.
…… you can't  add a physics term to a bowling term and expect it to mean something.

tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #50 on: June 02, 2015, 09:48:44 AM »
Brunswick's old production facility on Michigan was badly outdated, AND, they were paying union workers $25 - $45 per hour to build bowling balls.  How can any company remain in business in today's tight profit margins that way? 

Brunswick invested 25 million dollars into their new plant in order to stay in business AND to enable them to progress and do things (technologically) they've never done before with bowling balls.  If another U.S. company were faced with the similar situation (and they are) they'll usually opt to stay in business rather than board up the windows and doors.  They are still employing LOTS of U.S. workers as opposed to none.  Get it?

By the way, I've been inside the production plant of a very well respected (in our industry) manufacturer here in Utah.  If you think all workers within those walls are all born on U.S. soil, you'd be dead wrong! 

Racist undertones always come out in this topic.  Call it like it is.  If they had moved production to Canada, for example, this wouldn't even be a topic for discussion very long.  You know it, and the rest of the world knows it, too.  Racism and "selective patriotism" seem to go hand-in-hand.
I'll go ahead and call you a fool. I'm far from a racist. And yes, it would matter if they moved to Canada as that's still not the USA stamped on the back of the ball. And there are a many of companies staying in business while paying union workers those wages. It's called moving product. I also never said the facilities in the US hired only US born citizens. It seems race is your only argument. Oh and staying in business. Well, they sold the company.

http://blog.ryder.com/2013/07/manufacturing-moving-to-mexico/

Taxes taxes taxes, oh and cheap labor. There's the reason for your move. Now enjoy your second rate equipment. The clearance shoppers thank you.

northface28

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #51 on: June 02, 2015, 10:29:10 AM »
Brunswick's old production facility on Michigan was badly outdated, AND, they were paying union workers $25 - $45 per hour to build bowling balls.  How can any company remain in business in today's tight profit margins that way? 

Brunswick invested 25 million dollars into their new plant in order to stay in business AND to enable them to progress and do things (technologically) they've never done before with bowling balls.  If another U.S. company were faced with the similar situation (and they are) they'll usually opt to stay in business rather than board up the windows and doors.  They are still employing LOTS of U.S. workers as opposed to none.  Get it?

By the way, I've been inside the production plant of a very well respected (in our industry) manufacturer here in Utah.  If you think all workers within those walls are all born on U.S. soil, you'd be dead wrong! 

Racist undertones always come out in this topic.  Call it like it is.  If they had moved production to Canada, for example, this wouldn't even be a topic for discussion very long.  You know it, and the rest of the world knows it, too.  Racism and "selective patriotism" seem to go hand-in-hand.
I'll go ahead and call you a fool. I'm far from a racist. And yes, it would matter if they moved to Canada as that's still not the USA stamped on the back of the ball. And there are a many of companies staying in business while paying union workers those wages. It's called moving product. I also never said the facilities in the US hired only US born citizens. It seems race is your only argument. Oh and staying in business. Well, they sold the company.

http://blog.ryder.com/2013/07/manufacturing-moving-to-mexico/

Taxes taxes taxes, oh and cheap labor. There's the reason for your move. Now enjoy your second rate equipment. The clearance shoppers thank you.

That pretty much sums it up, well said.
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Jorge300

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #52 on: June 02, 2015, 11:13:56 AM »
For the Pro- America crowd here, and trust me, I am as Pro-America as the next person, I have a question. Do you bowl in any house that uses Brunswick pinsetters?



Jorge300

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #53 on: June 02, 2015, 11:20:42 AM »
Thread cliff notes:

GTx2

kidlost2000

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #54 on: June 02, 2015, 11:24:13 AM »
For the Pro- America crowd here, and trust me, I am as Pro-America as the next person, I have a question. Do you bowl in any house that uses Brunswick pinsetters?





You are wasting your time.  It only applies to bowling balls….. That arent plastic.  Not cars,  phones,  computers,  tablets,  food,  clothes,  accessories, flags,  components that make up the product,  or components used to produce the products.  Only non plastic bowling balls.
…… you can't  add a physics term to a bowling term and expect it to mean something.

BallReviews-Removed0385

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #55 on: June 02, 2015, 11:28:55 AM »
Quote:
I'll go ahead and call you a fool. I'm far from a racist. And yes, it would matter if they moved to Canada as that's still not the USA stamped on the back of the ball. And there are a many of companies staying in business while paying union workers those wages. It's called moving product. I also never said the facilities in the US hired only US born citizens. It seems race is your only argument. Oh and staying in business. Well, they sold the company.

http://blog.ryder.com/2013/07/manufacturing-moving-to-mexico/

Taxes taxes taxes, oh and cheap labor. There's the reason for your move. Now enjoy your second rate equipment. The clearance shoppers thank you.
[/quote]

I may be a fool, but you must be stupid to think that all union wages are the same.  You're lumping all union workers together with your argument.

I have no problem with your attitude towards Brunswick.  It speaks volumes.  You're entitled to your opinions, which you feel justified with. 

What Brunswick did several years ago they did for THEIR own reasons.  It's called trying to be profitable and stay in business.  Every company has to make hard decisions at times.  Only time will tell if the good things we hear from Brunswick's new owner will come to fruition.  Now, have a nice day!
« Last Edit: June 02, 2015, 11:31:36 AM by notclay »

xrayjay

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #56 on: June 02, 2015, 12:46:46 PM »
oh boy, made in America debate.....

This is like a fart, some times it stinks and some times it doesn't. But either way, it comes out by way of the ass hole.
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tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #57 on: June 02, 2015, 05:08:44 PM »
You guys are missing the point on the American thing. We are not talking tvs, cars, clothes, pin setters, or any of that. We are talking bowling balls. Name 1 other bowling ball company that is made out of the US, that is PBA approved? So when I can choose from Motiv, Storm Fam, 900 G, EBI, I will do just that. These companies I just mentioned aren't using wages, coverstocks, or any other excuses for why they weren't/aren't making money. You guys can call me an ahole, racist, or what have you. I hope it makes your day brighter. It doesn't make the balls in question any better.

northface28

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #58 on: June 02, 2015, 05:13:18 PM »
Just give up, you are going up against two of Brunswick's staunchest supporters, nothing you say convince them otherwise.
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tkkshop

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #59 on: June 02, 2015, 05:21:38 PM »
If they would stop with the personal insults, we'd probably get somewhere. But I guess when you have no justification, slandering is all that you're left with.

northface28

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Re: Brunswick Finalizes Sale of Bowling Division
« Reply #60 on: June 02, 2015, 05:28:06 PM »
If I was contractually obligated to throw Brunswick or threw it just because, Id be mad too.
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