Brunswick Corporation announced consolidation of fiberglass boat manufacturing, closing facilities in Mexico and Florida to enhance efficiency and create U.S. jobs.
Quiver AI Summary
Brunswick Corporation has announced a consolidation of its fiberglass boat manufacturing operations aimed at reducing costs and enhancing efficiency while maintaining growth capabilities. The company will close its facility in Reynosa, Mexico, and shift production to its centers in Vonore, Tennessee, and Merritt Island, Florida. Additionally, the Flagler Beach, Florida facility will also close, with production moved to Edgewater, Florida. This move, driven by market changes affecting value fiberglass products, will result in the creation of over 200 jobs in the U.S. Brunswick is investing $5 million in improvements at its Tennessee and Florida facilities to bolster their multi-brand capabilities. The transition is expected to be completed by Summer 2026, with the company committed to supporting affected employees and collaborating with local agencies for a smooth process.
Potential Positives
- Brunswick Corporation is consolidating its fiberglass boat manufacturing, which is expected to reduce fixed costs and enhance productivity and efficiency.
- The company is investing $5 million in capital improvements at its U.S.-based manufacturing facilities, strengthening their capabilities and operational synergies.
- The consolidation will create more than 200 new U.S. manufacturing jobs in Tennessee and Florida, demonstrating a commitment to growth and local employment.
- Brunswick is actively collaborating with local government agencies to ensure a smooth transition for impacted employees and reinforce community ties.
Potential Negatives
- The closure of the Reynosa, Mexico fiberglass boat manufacturing facility may indicate potential supply chain disruptions and dissatisfaction among affected employees.
- The consolidation of production facilities might also raise concerns about the company's manufacturing capabilities in response to demand fluctuations and regional market needs.
- The announcement comes in the context of a rationalized value boat model portfolio, suggesting a possible reduction in product offerings that could impact sales in the value segment.
FAQ
What recent changes has Brunswick Corporation announced?
Brunswick announced the consolidation of its fiberglass boat manufacturing footprint, closing facilities in Reynosa, Mexico, and Flagler Beach, Florida.
How will Brunswick's consolidation affect production locations?
Production from the closed facilities will be transitioned to high-performing U.S. manufacturing centers in Vonore, Tennessee, and Merritt Island, Florida.
What is Brunswick's investment plan related to this consolidation?
Brunswick is investing $5 million in capital improvements to enhance capabilities at its Tennessee and Florida facilities after the consolidation.
How many jobs does Brunswick expect to create from this transition?
The transition is expected to result in the creation of over 200 new U.S. manufacturing jobs in the coming years.
What support will Brunswick provide to affected employees during the transition?
Brunswick plans to offer opportunities for affected employees to transfer to other locations and is collaborating with local agencies for support.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BC Congressional Stock Trading
Members of Congress have traded $BC stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $BC stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/11 and 1 sale worth up to $15,000 on 06/17.
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 04/07.
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$BC Insider Trading Activity
$BC insiders have traded $BC stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $BC stock by insiders over the last 6 months:
- CHRISTOPHER F DEKKER (E.V.P. GEN COUNSEL & SECRETARY) sold 2,092 shares for an estimated $122,319
- NANCY E COOPER has made 0 purchases and 2 sales selling 694 shares for an estimated $35,191.
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$BC Hedge Fund Activity
We have seen 239 institutional investors add shares of $BC stock to their portfolio, and 211 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEPRINCE RACE & ZOLLO INC added 1,343,492 shares (+289.5%) to their portfolio in Q2 2025, for an estimated $74,214,498
- VAN BERKOM & ASSOCIATES INC. removed 961,621 shares (-99.0%) from their portfolio in Q2 2025, for an estimated $53,119,944
- FMR LLC removed 655,942 shares (-19.6%) from their portfolio in Q2 2025, for an estimated $36,234,236
- AQR CAPITAL MANAGEMENT LLC added 628,393 shares (+812.7%) to their portfolio in Q2 2025, for an estimated $34,712,429
- THRIVENT FINANCIAL FOR LUTHERANS removed 518,774 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $28,657,075
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 453,646 shares (-60.8%) from their portfolio in Q2 2025, for an estimated $25,059,405
- MARSHALL WACE, LLP removed 398,553 shares (-30.5%) from their portfolio in Q2 2025, for an estimated $22,016,067
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$BC Analyst Ratings
Wall Street analysts have issued reports on $BC in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Roth Capital issued a "Buy" rating on 07/23/2025
- Citigroup issued a "Buy" rating on 06/16/2025
- BMO Capital issued a "Outperform" rating on 04/25/2025
- Truist Securities issued a "Buy" rating on 04/14/2025
To track analyst ratings and price targets for $BC, check out Quiver Quantitative's $BC forecast page.
$BC Price Targets
Multiple analysts have issued price targets for $BC recently. We have seen 9 analysts offer price targets for $BC in the last 6 months, with a median target of $60.0.
Here are some recent targets:
- Eric Wold from B. Riley Securities set a target price of $70.0 on 09/08/2025
- Griffin Bryan from DA Davidson set a target price of $59.0 on 07/28/2025
- Scott Stember from Roth Capital set a target price of $68.0 on 07/23/2025
- James Hardiman from Citigroup set a target price of $68.0 on 06/16/2025
- Craig Kennison from Baird set a target price of $60.0 on 05/16/2025
- Gerrick Johnson from BMO Capital set a target price of $65.0 on 04/25/2025
- Anna Glaessgen from Jefferies set a target price of $45.0 on 04/24/2025
Full Release
METTAWA, Ill., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), the world’s largest marine technology company, today announced a consolidation of its global fiberglass boat manufacturing footprint designed to reduce fixed costs and unlock greater productivity and efficiency while maintaining the necessary capacity and flexibility for future growth.
As part of this footprint rationalization, Brunswick will close its Reynosa, Mexico fiberglass boat manufacturing facility, transitioning production of models currently manufactured in the facility into two of its high-performing U.S.-based manufacturing centers in Vonore, Tennessee and Merritt Island, Florida. In addition, its Flagler Beach, Florida production facility will be closed and production of models currently manufactured at that facility will be consolidated into the Edgewater, Florida operation.
“The decision to transition production out of Reynosa, Mexico which is primarily dedicated to manufacturing of our small, value fiberglass boats, follows our recent announcement that we have rationalized our value boat model portfolio and reflects evolving market dynamics that are impacting industry-wide volumes of value fiberglass products,” said Brenna Preisser, President of Brunswick Boat Group. “The Reynosa facility and team members have played an important role in our business for many years, and we are committed to supporting their transition. We anticipate the transition will be fully completed by Summer 2026.”
Reinforcing the broader integration and expansion effort, Brunswick is investing $5 million in capital improvements across its Tennessee and Florida facilities, further strengthening their capabilities as multi-brand production hubs. This investment underscores Brunswick’s commitment to leveraging its scale to drive operational synergies. These moves will result in the creation of more than 200 U.S. manufacturing jobs over the next several years.
“Brunswick’s Boat Group has sufficient capacity within our manufacturing footprint to absorb volume, support future market rebounds and capture share gains from an aggressive product development roadmap,” Preisser confirmed. “With these and other actions taken to streamline our portfolio and improve productivity, Boat Group will achieve a better structural cost profile and accelerate improved Boat Group profitability.”
Brunswick is collaborating closely with local government agencies and economic development partners to support a seamless transition. As Boston Whaler consolidates its production operations in Florida, team members from the Flagler Beach facility will be offered opportunities to transfer to the Edgewater location. The transfer is expected to be fully completed by Summer 2026. In addition, the Company will soon launch recruitment efforts to fill new positions across production, logistics, engineering, and operations management, reinforcing its commitment to growth and long-term investment across its manufacturing footprint in Tennessee and Florida.
About Brunswick Corporation
Brunswick Corporation (NYSE: BC) is the global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Our unique, technology-driven solutions are informed and inspired by deep consumer insights and powered by our belief that “Next Never Rests™”. Brunswick is dedicated to industry leadership, to being the best and most trusted partner to our many customers, and to building synergies and ecosystems that enable us to challenge convention and define the future. Brunswick is home to more than 60 industry-leading brands. In the category of Marine Propulsion, these brands include, Mercury Marine, Mercury Racing, MerCruiser, and Flite. Brunswick’s comprehensive collection of parts, accessories, distribution, and technology brands includes Mercury Parts & Accessories, Land ‘N’ Sea, Lowrance, Simrad, B&G, Mastervolt, RELiON, Attwood and Whale. Our boat brands are some of the best known in the world, including Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver. Our service, digital and shared-access businesses include Freedom Boat Club, Boateka and a range of financing, insurance, and extended warranty businesses. While focused primarily on the marine industry, Brunswick also successfully leverages its portfolio of advanced technologies to deliver an exceptional suite of solutions in mobile and industrial applications. Headquartered in Mettawa, IL, Brunswick has approximately 14,500 employees operating in 26 countries. In 2024, Brunswick was named America’s Best Large Employers for 2024 by Forbes Magazine for the sixth consecutive year in addition to winning more than 100 awards across the enterprise for the third straight year. For more information, visit www.Brunswick.com .