BRP puts marine business on the block to 'double down' on powersports
BRP Inc. has put its marine businesses up for sale as it looks to focus on powersports products and cut the cable to its money-losing boat brands. The Valcourt, Que.-based Ski-Doo maker said Thursday it hopes to sell Alumacraft, Manitou and Telwater — all boat makers — as well as its marine parts, accessories and apparel businesses by May 2025.
BRP Shifts Focus, Plans Sale of Marine Businesses
BRP (TSE:DOO) has released an update. BRP Inc. has announced plans to sell its Marine businesses, including brands like Alumacraft and Manitou, as it shifts focus towards bolstering its Powersports segment amid challenging economic conditions.
BRP Launches Process for the Sale of its Marine Businesses
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today announced that it is initiating a process for the sale of its Marine businesses namely Alumacraft, Manitou, Telwater (Quintrex, Stacer, Savage and Yellowfin),
BRP puts marine businesses up for sale as it looks to focus on powersports
BRP Inc. has put its marine businesses up for sale as it looks to focus on its powersports operations. The company says it is looking to sell its Alumacraft, Manitou, Telwater and marine parts, accessories and apparel businesses.
BRP looks to sell its Marine businesses
BRP (NASDAQ:DOOO) said it is looking to sell its Marine businesses namely Alumacraft, Manitou, Telwater, and Marine parts, accessories and apparel. The firm added, the process will exclude all activities related to its Sea-Doo personal watercraft,
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