The Canadian Press
VALCOURT, Que. — Recreational vehicle maker BRP Inc. has signed a deal to buy Alumacraft Boat, a producer of aluminum fishing boats, based in St. Peter, Minn., and announced plans to create a new marine group.
Financial terms of the deal were not immediately available.
BRP says the deal brings together Alumacraft with its Evinrude outboard motor business.
Tracy Crocker, senior vice-president and general manager of Evinrude, will head the new marine group.
Alumacraft employs more than 250 people in two U.S. locations and has a network of dealers around the world.
BRP is the maker of Ski-Doo snowmobiles and Sea-Doo personal watercraft.
Companies in this story: (TSX:DOO)