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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) November 19, 1996
Brunswick Corporation
(Exact Name of Registrant as Specific in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-1043 36-0848180
(Commission File Number) (I.R.S. Employer Identification No.)
1 North Field Court, Lake Forest, Illinois 60045-4811
(Address of Principal Executive Offices) (Zip Code)
(847) 735-4700
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On November 19, 1996, Brunswick Corporation announced that it
had signed a definitive agreement to acquire Igloo Holdings, Inc.
A copy of the press release is Exhibit 1 to this current report on
Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Exhibit
1 Press release announcing agreement for
Brunswick Corporation to acquire Igloo
Holdings, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
BRUNSWICK CORPORATION
DATE: November 19, 1996 By:/s/Peter B. Hamiliton
Name: Peter B. Hamilton
Title: Senior Vice President
and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
No. Exhibit
1 Press release announcing agreement
for Brunswick Corporation to acquire
Igloo Holdings, Inc.
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Exhibit 1
BRUNSWICK TO ACQUIRE IGLOO COOLERS
Kathryn J. Chieger, Vice President-Investor Relations,
847-735-4612
Ross H. Stemer, Director-Public Relations,
847-735-4851
For Immediate Release
LAKE FOREST, Illinois, November 19, 1996 -- Brunswick
Corporation (NYSE: BC) will soon add another leading brand to its
growing lineup of active recreation consumer products. The
Company announced today that it has signed a definitive agreement
to acquire privately-held Igloo Holdings, Inc. for approximately
$154 million in cash. Headquartered in Houston, Texas, Igloo is
the market leader in ice chests, beverage coolers and
thermoelectric cooler/warmer products.
"Our customers are active recreation enthusiasts, and our
objective is to provide the high-quality, market-leading products
that make their recreational time more enjoyable," said Brunswick
Chairman and C.E.O. Peter N. Larson. "Igloo, well known for
quality construction, innovative products and visual appeal,
fills the only major gap in our American Camper and Remington
camping equipment lines. Moreover, Igloo ice chests and beverage
coolers are found wherever people enjoy fishing, biking and
pleasure boating, making them a perfect complement to our other
active outdoor recreation products."
With annual sales of approximately $150 million, Igloo will
be part of the Tulsa, Oklahoma-based Brunswick Outdoor Recreation
Group reporting to Jim W. Dawson, President of the Group. In
addition to American Camper, other units in this group are
Roadmaster bicycles and Zebco fishing tackle. Completion of the
transaction, scheduled for early 1997, is subject to customary
closing conditions.
Headquartered in Lake Forest, Illinois, Brunswick
Corporation is a multinational company serving outdoor and indoor
active recreation markets with consumer products that include
Zebco and Quantum fishing reels and reel/rod combinations;
American Camper and Remington camping gear; Roadmaster bicycles;
Brunswick bowling centers, equipment and consumer products;
Brunswick billiards tables; Sea Ray and Bayliner pleasure boats;
Boston Whaler offshore fishing boats; Mercury, Mariner and Force
outboard engines and MerCruiser stern drives and inboard engines.
