Brunswick purchased Hatteras Yachts, a producer of fibreglass sportfishing convertibles and luxury motor yachts, in 2001, and CABO, a manufacturer of sportfishing boats, in 2006. Both are based in New Bern, North Carolina.
Brunswick announced its intention to exit the Hatteras and CABO boat businesses in January.
"This action reflects our decision to exit the sportfishing convertible category and to concentrate our resources in the yacht segment on our remaining brands, Sea Ray and Meridian Yachts," said Brunswick Chairman and CEO Dustan E. McCoy, when announcing the decision.
"When completed, this action will also contribute to our goal of a break-even or better Boat Segment in 2013, even if the larger sterndrive/inboard fibreglass markets do not improve."
The terms of the transaction were not disclosed.
