BRP Invests $118 Million in Valcourt and Announces a Review of its Working Methods

4 12 2015

VALCOURT, QUEBEC, CANADA – December 4, 2015 – (Motor Sports Newswire) –  (TSX: DOO) BRP Inc. intends to invest $118 million in its Valcourt manufacturing activities within the next five years. These investments will strengthen Valcourt’s strategic role as the Centre of expertise for design, research, development and manufacturing for all BRP activities worldwide.

The Valcourt site has always been recognized as the heart of BRP’s innovation. It is its global knowledge centre thanks to the synergy between the Design & Innovation Centre, the Product Development Centre and manufacturing operations. Ultimately, the goal of the planned investments is to maintain the competitiveness of the Valcourt plant through a complete transformation and modernization in order to optimize its manufacturing infrastructure and logistics. This modernizing process is designed to promote modularity in design, manufacturing and assembly. In addition, it will facilitate the end-to-end development of new concepts together with the design and engineering departments.

“With these investments, BRP aims to provide its Eastern Townships facilities with cutting-edge tools and technologies to further increase its efficiency and its talent in terms of innovation, engineering and manufacturing, all while keeping quality jobs in Quebec,” said BRP’s President and CEO José Boisjoli.

An overhaul of working methods
In addition to the announced investments, BRP’s Valcourt production site will review all its work methods to make them more flexible and agile, as well as the working conditions of its employees in technical and administrative sectors. A comprehensive analysis performed as part of this investment project has shown that many BRP employee groups in Quebec have a higher salary than those of competitors in North America or comparable Quebec companies outside Montréal.

Faced with this situation and wanting to maintain quality jobs in the long term, management announced a three-to five-year pay freeze for all employees working in manufacturing and in technical and administrative sectors, representing 60% of BRP staff working in Valcourt. This pay freeze will take effect from the next fiscal year, beginning on February 1, 2016.

“In recent years, globalization and the growing pressure of the competition in our markets have led us to relocate a number of our operations to Mexico. These same factors are urging us today to make an in-depth review of our methods. In order for us to have the necessary agility to remain competitive and consolidate the role of our Centre of expertise in design, research, development and manufacturing operations in Valcourt, and to ensure that our investments generate the anticipated benefits, they must be accompanied by an overhaul of our working conditions in areas where market deviations are too great,” said Boisjoli to employees gathered in a meeting today.

The implementation of this investment plan will begin in early 2016 with the installation of new ultramodern production equipment for the Can-Am Spyder and Ski-Doo assembly lines.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Its portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am Spyder roadsters, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. BRP supports its line of products with a dedicated parts, accessories and clothing business. With annual sales of over CA$3.5 billion from 107 countries, the Company employs approximately 7,600 people worldwide.  www.brp.com   @BRPnews

brp-logo-2

####





BRP expands its Evinrude dealer network

15 07 2014

STURTEVANT, WI – July 15, 2014 – (Motor Sports Newswire) – BRP has added more than 50 new Evinrude dealers to its rapidly expanding dealer network in recent months. These new dealers from Florida, United States to Alberta, Canada will offer the complete line-up of BRP’s Evinrude E-TEC outboard engines as well as provide top-of-the-line service and parts on all Evinrude products, as well as on existing Johnson products.

BRP Evinrude dealers

“Our dealers are our best ambassadors and they are instrumental to moving our company forward,” said Alain Villemure, vice-president and general manager of BRP’s Marine Propulsion Systems division. “BRP redefined the boating industry in June with the launch of our new Evinrude E-TEC G2 products; adding new dealers to our proven sales network expands the opportunity to share our newest technology with consumers as we redefine the future of outboards.”

BRP’s Evinrude E-TEC G2 engine offers an audacious new look in engines along with best-in-class fuel economy. The new 200-300 hp offering also exceeds all emissions standards and offers power and torque when boaters need it most. Complete with a new warranty that gives owners five hundred hours on the water without required dealer servicing, the G2 outboard engine goes into full production in November 2014.

For a complete list of new and existing Evinrude dealers, visit www.evinrude.com. BRP’s stated objective of expanding its powersports network by 65 to 75 new dealers in fiscal year 2015, and by 200 to 300 by fiscal year 2017, does not include BRP’s Marine Propulsion Systems division.

BRP’s Evinrude engine line-up from 3.5- to 300 horsepower offers customers superior value across a full range of applications. Engines are available at authorized Evinrude dealerships worldwide. Become part of the online Evinrude community at www.evinrudenation.com and follow us on Facebook at www.facebook.com/brpevinrude.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Its portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am Spyder roadsters, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. BRP supports its line of products with a dedicated parts, accessories and clothing business. With annual sales of over CA$3 billion from 105 countries, the Company employs approximately 7,100 people worldwide. www.brp.com  @BRPnews

brp-logo-2

####





BRP Celebrates 15th Anniversary of the Rotax Max Challenge Grand Finals in Valencia, Spain

16 04 2014

GUNSKIRCHEN, AUSTRIA – April 16, 2014 – (Motor Sports Newswire) – BRP will celebrate the 15th anniversary of the Rotax MAX Challenge Grand Finals (RMCGF) at Kartodromo Internacional Lucas Guerrero in Valencia, Spain from November 25 to 29, 2014.

“We are proud to celebrate the 15th anniversary of the RMCGF, especially in Spain as it will be our first time on the Spanish mainland,” said François Tremblay, marketing director, Rotax kart engines, BRP. “We hope to attract a broad audience thanks to the region’s history of motorsports racing.”

Valencia is not only famous for its historic monuments, views and cultural attractions, it is also known for its motorsport events like the Formula One Grand Prix and the motorcycle Grand Prix. Close to 300 qualified Rotax MAX Challenge Grand Finals racers, coming from over 50 countries, will feel the spirit of racing in Valencia’s Kartodromo Internacional Lucas Guerrero.

“Hosting the 2014 RMCGF is a great opportunity to promote internationally our brand-new facility in Chiva, which is located about 30 km from Valencia,” stated Lucas Guerrero, GT-series driver and owner of the karting circuit.

“The karting market is growing in Spain and we are confident the Grand Finals will further support the market development in that region,” said Arnaldo Frias, general manager, Korridas e Kompanhia, Spanish distributor of BRP’s Rotax kart engines and co-host of the event.

The number of participants to the RMCGF has grown steadily over the past 15 years. The 2013 RMCGF was held in New Orleans, United States, and welcomed 360 drivers coming from nearly 60 countries. At that time, BRP held a contest where participants raced to adjust a balance drive. The winner, 20-year-old racer and mechanic Matas Kiznis from Lithuania will visit Valcourt, Canada, birthplace of the Ski-Doo snowmobile, from May 7-9, 2014, to discover BRP first-hand.

“I have been using Rotax engines since 2008,” Kiznis enthused. “I entered the BRP contest because I didn’t want to miss the opportunity to see how the number-one products in the world are manufactured.”

The Rotax MAX Challenge (RMC) is a professional kart racing series established, owned and organized by BRP and its Rotax kart engine distributors. Approved by and in compliance with CIK / FIA, the RMC is a “one-make-engine” formula: only Rotax kart engines that are checked and sealed (for equal performance) are allowed. The success in the competition is mainly up to the skills of the driver.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Its portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am roadsters, Evinrude outboard engines and Rotax engines for karts, motorcycles and recreational aircraft as well as inboard jet propulsion systems for boats. BRP supports its line of products with a dedicated parts, accessories and clothing business. With annual sales of over CA$3 billion from 105 countries, the Company employs approximately 7,100 people worldwide. www.brp.com, @BRPnews, www.rotax-kart.com

brp-logo-2

####





BRP Produces 300,000th Lynx Snowmobile

20 12 2013

ROVANIEMI, FINLAND – December 20, 2013 – (Motor Sports Newswire) –  BRP produced its 300,000th Lynx snowmobile on December 16, 2013, a 2014 Lynx Boondocker 3900 800 E-TEC model, in its state-of-the-art manufacturing facility in Rovaniemi, Finland, in the Arctic Circle.

“I am proud of the work that has made BRP’s Lynx brand the leading snowmobile brand in Europe,” says Jukka Jokinen, vice-president, BRP Finland. “The Lynx story began in 1967. With consistent research and development, we have since become industry leaders. Thanks to our employees who have made this milestone possible.”

Finland’s Minister of Labour, Lauri Ihalainen, visited the facility for the occasion and praised BRP and its employees for demonstrating that Finland has the skills to produce competitive world-class products.

131220 BRP ihalainen-jokinen-ja-boondocker-web

BRP currently employs more than 300 people in its Finnish manufacturing facility, which also assembles some models of Ski-Doo snowmobiles and Can-Am ATVs. One of BRP’s 2013 Can‑Am innovations is a six-wheeled ATV that was developed in Rovaniemi, where it will also be assembled.

Developed for Nordic environment and snow conditions, Lynx snowmobiles meet the needs and preferences of local snowmobilers. The design and look of Lynx sleds reflect an image of its wild namesake. Lynx and Ski-Doo snowmobiles are industry-leaders in the Scandinavian market. Lynx snowmobiles have also had outstanding success in racing arenas. Seven of the past 13 winners of the SnowCross world championships did so on Lynx sleds.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski‑Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can‑Am roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide. www.brp.com, @BRPnews

Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates.

For information:
Johanne Denault
Manager, Corporate Communications
Tel: 450.532.5173
johanne.denault@brp.com

Asko Saastamoinen
HR Director, Finland
Tel: 35816 3208 101
Asko.Saastamoinen@BRP.com

BRP-logo-2

####





BRP Inc. Announces Closing of Secondary Offering of its Subordinate Voting Shares

9 10 2013

VALCOURT, QUEBEC – October 9, 2013 – (Motor Sports Newswire) – BRP Inc. (“BRP” or the “Company”) announced today the closing of the previously announced bought deal secondary offering pursuant to which Bain Capital Luxembourg Investments S.à r.l. (“Bain”), Caisse de dépôt et placement du Québec (“CDPQ”) and other selling shareholders (collectively, the “Selling Shareholders”) sold an aggregate of 8,000,000 subordinate voting shares of BRP (“Subordinate Voting Shares”) at a price of $27.85 per Subordinate Voting Share for aggregate gross proceeds of approximately $223 million to the Selling Shareholders. 5,986,735 of the Subordinate Voting Shares were sold by Bain, 1,279,097 of the Subordinate Voting Shares were sold by CDPQ and 734,168 of the Subordinate Voting Shares were sold by the other selling shareholders. The Company did not receive any of the proceeds from this offering.

Following this offering, Beaudier Inc. and 4338618 Canada Inc., Bain and CDPQ hold 41,237,476, 40,145,521 and 7,640,347 multiple voting shares of BRP (“Multiple Voting Shares” and, collectively with the Subordinate Voting Shares, the “Shares”), respectively, representing approximately 34.9%, 34.0% and 6.5%, respectively, of the Company’s issued and outstanding Shares and approximately 43.9%, 42.8% and 8.1%, respectively, of the voting power attached to all outstanding Shares.

The Subordinate Voting Shares were offered by an underwriting syndicate led by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., UBS Securities Canada Inc. and Citigroup Global Markets Canada Inc., acting as joint bookrunners, and including CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., National Bank Financial Inc. and Robert W. Baird & Co.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and other applicable securities laws.

About BRP

BRP (TSX: DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski‑Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can‑Am roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide. www.brp.com @BRPnews

Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, Spyder and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements. The words “scheduled”, “may”, “will”, “would”, “should”, “could”, “expects”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “predicts”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause the Company’s actual results or affairs to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the “Risk Factors” section of the final short form prospectus dated October 2, 2013 available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The forward‑looking statements contained in this press release are made as of the date of this press release, and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities regulations.

For additional information, please contact:

Johanne Denault
Manager, Corporate Communications
Tel: 450-532-5173
johanne.denault@brp.com

Jon Reider
Investor Relations
Tel: 450-532-6311
jon.reider@brp.com

BRP-logo-2

####





Bain Capital Luxembourg Investments S.À R.L., Caisse De Depot Et Placement Du Quebec and BRP Inc. Announce C$223 Million Bought Deal

22 09 2013

VALCOURT, QUEBEC – September 22, 2013 – (Motor Sports Newswire) – Bain Capital Luxembourg Investments S.à r.l. (“Bain”), Caisse de dépôt et placement du Québec (“CDPQ”) and BRP Inc. (TSX: DOO) (the “Company”) announce that Bain, CDPQ and the Company have entered into an agreement with a syndicate led by BMO Capital Markets and RBC Capital Markets (collectively the “Underwriters”) to complete a secondary offering. Under the agreement, the Underwriters have agreed to purchase 8,000,000 subordinate voting shares of the Company (“Subordinate Voting Shares”) at a purchase price of $27.85 per Subordinate Voting Share for gross proceeds of approximately $223 million. 6,720,903 of the Subordinate Voting Shares are being sold to the Underwriters by Bain and 1,279,097 of the Subordinate Voting Shares are being sold to the Underwriters by CDPQ. The transaction is expected to close on or about October 9, 2013. Closing is subject to a number of customary conditions, including receipt of all necessary regulatory approvals.

Bain currently holds 46,866,424 multiple voting shares of the Company (“Multiple Voting Shares” and, collectively with the Subordinate Voting Shares, the “Shares”), representing approximately 39.7% of the issued and outstanding Shares and approximately 46.6% of the voting power attached to all of the Shares. Following the closing of the offering, Bain will hold 40,145,521 Multiple Voting Shares, representing approximately 34.0% of the issued and outstanding Shares and approximately 42.8% of the voting power attached to all of the Shares. CDPQ currently holds 8,919,444 Multiple Voting Shares representing approximately 7.6% of the issued and outstanding Shares and approximately 8.9% of the voting power attached to all of the Shares. Following the closing of the offering, CDPQ will hold 7,640,347 Multiple Voting Shares, representing approximately 6.5% of the issued and outstanding Shares and approximately 8.1% of the voting power attached to all of the Shares.

The net proceeds of the offering will be paid directly to Bain and CDPQ. The Company will not receive any proceeds from the offering.

The Subordinate Voting Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada and may also be offered by way of private placement in the United States. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and other applicable securities laws.

About BRP

BRP (TSX:DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can Am roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide. www.brp.com @BRPnews

Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, Spyder and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements. The words “scheduled”, “may”, “will”, “would”, “should”, “could”, “expects”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “predicts”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause the Company’s actual results or affairs to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the “Risk Factors” section of the supplemented PREP prospectus dated May 21, 2013 available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities regulations.

BRP-logo-2

####





BRP Inc. Announce Closing of Over-Allotment Option

27 06 2013

VALCOURT, QUEBEC – June 27, 2013 – (Motor Sports Newswire) –  BRP Inc. (“BRP” or the “Company”) announced today that the underwriters have purchased an additional 1,830,000 subordinate voting shares from the Company at a price of $21.50 per share pursuant to the exercise of their over-allotment option granted in connection with the initial public offering of the Company which closed on May 29, 2013.

The gross proceeds to the Company from the over-allotment option total approximately $39,345,000. The net proceeds from the over-allotment option will be used for working capital and general corporate purposes.

The offering was made through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada Inc. and Citigroup Global Markets Canada Inc., acting as joint bookrunners, and including Wells Fargo Securities LLC, CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., National Bank Financial Inc. and Robert W. Baird & Co. Incorporated.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

About BRP

BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, its portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Spyder roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide. The subordinate voting shares of BRP are listed on the Toronto Stock Exchange under the symbol “DOO”.

Sea-Doo, Ski-Doo, Spyder, Lynx, Evinrude, Can-Am, Rotax and the BRP logo are trademarks of Bombardier Recreational Products Inc. (a subsidiary of the Company) or its affiliates.

Forward-Looking Statements

Certain statements in this press release, including statements relating to the use of proceeds of the offering, the closing date of the offering, the exercise of the over-allotment and the use of proceeds thereof constitute forward-looking statements. The words “scheduled”, “may”, “will”, “would”, “should”, “could”, “expects”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “predicts”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements.

Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. In particular, the closing of the offering and use of proceeds thereof is subject to customary closing conditions and there can be no assurance that all such conditions will be satisfied. Many factors could cause the Company’s actual results or affairs to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the “Risk Factors” section of the final base PREP prospectus available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities regulations.

BRP-logo-2

####








%d bloggers like this: