Wisconsin Marine Products Company Purchased in $ 910 Million Market

MILWAUKEE (AP) – Manufacturing company says it has agreed to pay $ 910 million to a Wisconsin marine product company with more than 600 employees

Brunswick Corporation, parent company of Mercury Marine, based in Fond du Lac , Global Marine and Mobile Power Products, reports the Milwaukee Journal Sentinel

Power Products is present in the United States, the Netherlands, New Zealand, China and other countries. The electric boat equipment company has 630 employees worldwide. Headquartered in Menomonee Falls, WI, where it has approximately 150 employees

John Pfeifer, President of Mercury Marine, said Power Products will be integrated into Mercury Marine's parts and accessories segment, but operations will remain Menomonee Falls. is a company we bought because it is strategic and we like the product positions in which it is located. This is a growth element of our company, "said Pfeifer

Mercury has added several thousand jobs to Fond du Lac since 2009. continues to hire people from various fields, including including engineering and skilled trades.

"We are growing," said Pfeifer.

Mercury employs about 3,200 people in Fond du Lac and more than 6,000 in the world. Mercury expects to exceed $ 3 billion this year with the arrival of Power Products.

The US recreational marine industry supports 650,000 jobs and has achieved $ 37 billion in newspaper sales.

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Information from: Milwaukee Journal Sentinel, http://www.jsonline.com