Brunswick Corporation
From Wikipedia, the free encyclopedia
The Brunswick Corporation NYSE: BC, 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. It had 2006 sales of US$5.665 billion with net earnings of $133.9 million.[1].
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[edit] History
Brunswick was founded by John Moses Brunswick who came to the United States from Switzerland at the age of 15. The J.M. Brunswick Manufacturing Company opened for business on 15 September 1845 in Cincinnati, Ohio. Originally J.M. Brunswick intended his company to be mainly in the business of making carriages, but soon after opening his machine shop he became fascinated with billiards, and decided that making billiard tables would be more lucrative, as the better tables then in use in America were imported from England. Brunswick billiard tables were a commercial success, and the business expanded and opened up the first of what would become many branch offices in Chicago, Illinois in 1848.
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 U.S. dollars. In 1884, another competitor, H.W. Collender Company of New York, was absorbed to form the Brunswick-Balke-Collender Company, that year 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.
During World War II, Brunswick-Balke-Collender made small target-drone aircraft for the U.S. military.
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.
The Brunswick-Balke-Collender Company officially changed its name to the Brunswick Corporation on April 10, 1960. The following year the company reported sales of 422 million dollars.
In the 1980s, Brunswick became a major maker of yachts and pleasure boats, whose brands include Bayliner, Boston Whaler, Maxum, Sea Ray, and Trophy.
During the Gulf War Brunswick supplied the military with camouflage nets. They also made radomes for the Patriot missile.
[edit] Today
As of the early 21st century, the Brunswick Corporation still manufactures sporting and fitness equipment (Life Fitness, Hammer Strength, Parabody), in addition to boats (Sea Ray, Bayliner, Maxum, etc), marine engines under the Mercury Marine brand name. In 2004 Brunswick purchased Northstar Technologies, a leading marine electronics provider based in Acton Massachusetts, from Canadian Marconi Corporation. Brunswick then merged Navman, based in Auckland New Zealand, with Northstar. The idea was to make Northstar/Navman supplier to the Brunswick Boat Groups. Eventually Mx-Marine also became owned by Brunswick. When George Buckley, CEO of Brunswick, left to join 3M in 2006 the 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 it was closing two plants and downsizing the workforce by 650 employees because of slow demand for new boats. Numerous other layoffs happened prior to this in the Brunswick New Technologies Division.
Today Brunswick has its headquarters situated in the Northern Chicago suburb of Lake Forest, IL.
[edit] Divisions
- Brunswick Bowling & Billiards -Lake Forest, Illinois
- Life Fitness Division -Schiller Park, Illinois
- Brunswick Boat Group -Knoxville, Tennessee
- Mercury Marine -Fond du Lac, Wisconsin
[edit] External links
- Brunswick Marine in EMEA, subsidiary of Brunswick Corporation headquartered in Belgium
- Automatic Pinsetter at Google Patents
