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The sales netted a much needed $248 million in cash for OMC. One portion of the money was used for capital improvements for its boatbuilding facilities while another portion was invested in building a new Suncruiser aluminum pontoon boat. Despite the large expenditures, OMC's decision to focus on boatbuilding proved to be a good one.
Brunswick then merged Navman, based in Auckland, New Zealand, with Northstar to make Northstar/Navman a supplier to the Brunswick Boat Groups. Brunswick also acquired Mx-Marine. When George Buckley, CEO at the time, left to join 3M in 2006, new leadership decided to sell Northstar, Navman and Mx-Marine.
Forest River, Inc. was founded in 1996 by Peter Liegl [2] after purchasing certain assets of Cobra Industries, [3] where CEO Peter Liegl worked from 1985 to 1993. The company started by manufacturing tent campers, travel trailers, fifth wheels, and park models under the model lines Salem, Sierra, Sandpiper, Wildwood, Rockwood, Flagstaff, Summit, and Quailridge.
Net sales were US$1.7 billion in 2008, [2] and US$1.0 billion in 2012. [1] The Boat Group makes Sea Ray, Bayliner and Meridian pleasure boats; Boston Whaler, Crestliner, Cypress Cay, Harris (formerly FloteBote), Lowe, Lund, Princecraft fishing, deck and pontoon boats. Brunswick is one of the largest boat makers by units in Europe, with ...
USA TODAY 10best: NASCAR track in Illinois voted one of the best in the country Top boat shows according to USA Today Readers’ Choice St. Petersburg Power and Sailboat Show , St. Petersburg, Fla.
The company was founded by Forest City, Iowa businessman John K. Hanson in February 1958. At the time, the town, located in Winnebago County, Iowa, was undergoing an economic downturn, so Hanson and a group of community leaders convinced a California firm, Modernistic Industries, to open a travel trailer factory in a bid to revive the local economy.