RIP Baja?

[redseacraft]

Brunswick Corp. (BC) signed a letter of intent to sell certain assets of its Baja Marine business to Fountain Powerboat Industries Inc. (FPB).
Financial terms weren't disclosed.
The Lake Forest, Ill., recreation products maker will end production of Baja boats in Bucyrus, Ohio, by the end of May, consistent with the end of the 2008 model year.
The company said closing of the Baja plant will result in the elimination of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with severance and other costs, to total between $10 million to $15 million.


What exactly is fountain buying? Inventory? Moulds? I always liked Baja's.

[Lat25]

A lot of overlap in Fountain's sport boat and Baja's Outlaw series. Can't be for the OB moulds b/c Baja no longer makes them. The only thing that Fountain doesn't have is Baja's smaller recreational I/O's.

[BW23]

Sounds like Bruns enjoys selling motors and OD's versus building mid tier go fast boats !