BRP to Sell Marine Businesses to Focus on Powersports

The Quebec-based company aims to streamline operations amid challenging economic conditions by divesting non-core marine assets.

BRP Inc. announced plans to sell its Alumacraft, Manitou, Telwater, and related marine parts, accessories, and apparel businesses.
The sale will not include BRP's Sea-Doo personal watercraft, Sea-Doo Switch pontoons, or jet propulsion systems.
CEO José Boisjoli emphasized the decision to focus on powersports is driven by current industry dynamics and economic challenges.
BRP has engaged National Bank Financial Inc. to assist with the sale process, seeking new ownership for the marine brands.
The company's financial performance has declined, with significant drops in profit and revenue compared to the previous year.