Updated 14:47, Friday, June 29, 2018
MILWAUKEE (AP) – A manufacturing company says it is agreed to pay $ 910 million for a Wisconsin-based company employing more than 600 people
Brunswick Corporation, the parent company of Mercury Marine, based in Fond du Lac, The Milwaukee Journal Sentinel reported on Power Products' Global Marine and Mobile.
Power Products has offices in the US, the Netherlands, New Zealand, China and other countries. The electrical boat equipment company employs 630 people worldwide. It is headquartered in Menomonee Falls, Wisconsin, where it has approximately 1
Mercury Marine President John Pfeifer said Power Products will be integrated into Mercury Marine's parts and accessories business, but the operation will remain in Menomonee Falls.
is a business we bought because it is strategic and we like the product positions. This is a growth part of our company, "said Pfeifer.
Mercury has added several thousand jobs to Fond du Lac since 2009, continuing to recruit people from a variety of disciplines, including engineering and crafts.
" We grow with a really healthy clip " said Pfeifer.
Mercury has approximately 3,200 employees in Fond du Lac and more than 6,000 worldwide, and had sales of more than $ 2.6 billion in 2017. Mercury expects $ 3 billion this year through the introduction of Power Products
The US recreational shipping industry supports 650,000 jobs and had $ 37 billion in sales last year
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com