The Brunswick Corporation , formerly known as the Brunswick-Balke-Collender Company, is a United States-based corporation that has been involved in manufacturing a wide variety of products since 1845. Brunswick's global headquarters is in the Northern Chicago suburb of Lake Forest, Illinois. In 2007, it had sales of $5.671 billion with net earnings of $111.6 million.
In 1873, the Brunswick company merged with competitor Great Western Billiard Manufactory owned by Julius Balke to become the Brunswick & Balke Company, incorporated with a capital stock of $275,000. In 1884, another competitor, H.W. Collender Company of New York, was absorbed to form the Brunswick-Balke-Collender Company with a capital of $1.5 million.
The company expanded into making a number of other products. Large ornate neo-classical style bars for saloons were a popular product. Bowling balls, pins, and equipment led a growing line of sporting equipment. It popularized bowling balls of manufactured materials, vulcanized rubber at first; earlier bowling balls had been solid wood.
In the early 20th century, Brunswick expanded the product line to include such diverse products as toilet seats, automobile tires, and phonographs. In the late 1910s, they introduced a quickly popular line of disc phonograph records; see: Brunswick Records. In the 1930s, Brunswick sold the control of the record company to Warner Brothers and came out with a line of refrigerators.
After the war, Brunswick introduced a line of school furniture. In the 1950s, the Brunswick Mechanical Pinsetter automated resetting bowling alley pins. The decade also saw the introduction of a line of golfing equipment.
In 2004, Brunswick purchased Northstar Technologies, a leading marine electronics provider based in Acton, Massachusetts, from Canadian Marconi Corporation (now CMC Electronics, a wholly owned subsidiary of Esterline Technologies Corporation). Brunswick then merged Navman, based in Auckland, New Zealand, with Northstar to make Northstar/Navman a supplier to the Brunswick Boat Groups. Brunswick also acquired Mx-Marine. When George Buckley, CEO at the time, left to join 3M in 2006, new leadership decided to sell Northstar/Navman/Mx-Marine. Navico now owns Northstar, Navman, and Mx-Marine in addition to the Eagle, Lowrance, B&G, and Simrad brands.
On November 9, 2006, the company announced that it was closing two plants and downsizing the workforce by 650 employees, citing slow demand for new boats. Numerous other layoffs occurred prior to this in the Brunswick New Technologies division.
Brunswick reports that in the past five years, their international sales have grown at twice the rate of domestic sales. It has established regional headquarters in Verviers, Belgium; Monterrey, Mexico; Dandenong, Australia; and Dubai, United Arab Emirates to better serve its customers by designing, engineering, manufacturing and distributing products based on local needs, using local talent.
Brunswick Corporation Announces Results of Tender Offer for a Portion of Its Outstanding Senior Notes Due 2013.
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Nov 17, 2011; MANHATTAN, Kan. -- The following information was released by Kansas State University: Question: What do the world's first...