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BRIEF-Brunswick to close Joinville facility, migrate boat manufacturing from Brazil
March 23, 2017 / 1:04 PM / 4 months ago

BRIEF-Brunswick to close Joinville facility, migrate boat manufacturing from Brazil

1 Min Read

March 23 (Reuters) - Brunswick Corp:

* Brunswick - will immediately begin to wind down boat manufacturing operations in Joinville, Santa Catarina, Brazil, as it prepares to close facility

* Brunswick Corp- company said resulting restructuring charges are estimated to be in range of $10 million to $12 million pretax

* Brunswick Corp - Joinville, Santa Catarina Operation manufactures certain bayliner and sea ray boat models for South American market

* Brunswick says decision has no impact on strategy or plans for Brunswick's mercury marine engine business or its life fitness business in region

* Brunswick-Actions projected to have modestly positive impact on earnings,minimal impact on free cash flow,majority of earnings benefit occurring in 2018 Source text for Eikon: Further company coverage:

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