BlueArc Capital Management Acquires Brunswicks Bowling Business

LAKE FOREST, IL -- Brunswick Corp. said it has completed the sale of its bowling products business to BlueArc Capital Management LLC, a private investment firm based in Atlanta. Terms were not disclosed.

"We are pleased that the buyer is a long-term investor and that the Brunswick name and all that it stands for will carry on and continue to set the standard in the bowling industry," said Brunswick chairman and chief executive Dustan E. McCoy.

In 2014, Brunswick completed the sale of its retail bowling centers to Bowlmor AMF, and now reports the historical results of both the bowling retail and products businesses as discontinued operations. | SEE STORY

Brunswick anticipates net proceeds from both of these sales actions, which reflect current estimates of taxes and liabilities yet-to-be paid, to be in the $270 million to $290 million range provided in the company's original projections.

Brunswick's capital strategy prioritizes growth investments and acquisitions in the marine and fitness segments, McCoy said.