http://www.ybw.com/ibinews/newsdesk/20090414144655ibinews.html
Brunswick sells Valley-Dynamo unit
By IBI Magazine
Brunswick Corp has sold the assets of its Valley-Dynamo operating unit to a limited partnership based in Texas. The unit manufactures coin-operated billiards, pool tables and air-hockey tables.
“We had earlier identified Valley-Dynamo as a non-core asset, which we intended to sell,” said Daniel Kubera, Brunswick spokesperson, in an email.
Brunswick acquired Valley-Dynamo for US$34.5m in 2003. Two years ago, it moved the company’s manufacturing operations from Dallas, Texas to Reynosa, Mexico.
Kubera said the assets were acquired by a limited partnership controlled by Kelye Stites, owner of Champion Shuffleboard Ltd and other businesses in the Dallas/Fort Worth area. Terms of the transaction were not disclosed.
(14 May 2009)
Leave a Reply