Brunswick Corp has completed its acquisition of Lankhorst Taselaar, a marine parts and accessories distributor in the Netherlands and Germany. Lankhorst Taselaar will be integrated into Mercury Marine to augment its P&A business in Europe. Financial terms were not disclosed.
“Lankhorst Taselaar bolsters and solidifies the distribution arm of our marine P&A business in Europe,” says Mark Schwabero, Brunswick chairman and CEO, in a statement. “As we have done in recent years with BLA in Australia and Payne’s Marine in Canada, Lankhorst Taselaar expands our reach and customer responsiveness in the global marine marketplace and offers us a larger footprint upon which to build in Europe.
Schwabero says this and other recently completed transactions should provide US$350m in additional revenue by 2018.