Thread: Chapter 11 Bankrupt?

What's the deal on Ranger, Champion and a bunch of other builders taking chapter 11 bankruptcy? Looks like their holding company is going under. I just read an article on a financial page. Anyone have more details?

is their "holding company" Brunswick? I'm pretty sure Brunswick owns Ranger, Crestliner, and many pleasure boat brands, not sure about Champion and other fishing boats. Brunswick is doing just fine, they are probably just doing damage control w/ their boat companies. the boat business is in the tank. I work for another company Brunswick owns and we are doing well. Brunswick is a multi-billion dollar company, fortune 50 at one time.

The company is Genmar Holdings in Minneapolis.

Genmar

Brunswick owns mercury, triton, and 27 other boat companies

If I remember right what I heard is that it really did not affect Ranger and Champion. I think it had more to do with other product lines. But this was annouced a month or two ago when I saw it so my memory may be messing with me.