Skip to Content, Navigation, or Footer.
Monday, April 27
The Indiana Daily Student

Business in Brief

Global Sales Leadership Club holds clothing drive\nA large rental truck will be driving around campus as Global Sales Leadership Club members attempt to pack it with donated T-shirts for the "Tees Please" clothing drive. The goal is to send T-shirts to Paraguay to benefit a targeted indigenous Hispanic population in the region.\nBased on aspects of "The Apprentice," the donation day culminates a month-long competition for club members organized into task forces of students. The project was designed to aid in the personal development of members' marketing, planning and professional selling skills.\n"The Global Sales and Leadership Club's approach to the civic challenge distinguished the project from every other philanthropy event on campus," said Sales Representative Andrew Lauck. "The emphasis on utilizing fundamentals from critical areas of business, such as marketing and sales strategy, has allowed me to enhance my personal skills beyond a simple classroom experience."\nIU community members can donate T-shirts Friday to the truck during the day or at the bagel stand in the Kelley School of Business undergraduate building 11 a.m. to 1 p.m. Donations can also be taken from 4 to 7 p.m. at the Econo Lodge, 2601 N. Walnut St.

Brunswick buys Albemarle Boats\nLAKE FOREST, Ill. -- Brunswick Corp., the world's largest recreational boat manufacturer, said Wednesday it has added Albemarle Boats to its fast-growing stable of brands.\nTerms were not disclosed.\nAlbemarle, based in Edenton, N.C., makes offshore sportfishing boats and is the seventh boat maker acquired by Brunswick in the past year. The Lake Forest-based company said it will retain Albemarle's 135 employees and production facility.\nBrunswick chairman and CEO George Buckley called the acquisition part of his company's strategy to offer a complete range of offshore sportfishing boats from 24 to 90 feet. He said Albemarle will complement the Brunswick-owned Hatteras sportfishing convertibles and yachts, which are made 70 miles away in New Bern, N.C.\n"It is an important part of our stated strategy to 'fill out the white spaces' within our product portfolio to support our dealer network and provide a boat for virtually any type of boater," Buckley said.\nAlbemarle made about 120 boats last year, selling from about $65,000 to $600,000 apiece.\nBrunswick last year acquired aluminum boat brands Crestliner, Lowe and Lund and saltwater fishing boats Sea Pro, Sea Boss and Palmetto to surpass Genmar Holdings Inc.\nShares in the company rose 8 cents to close at $46.96 on the New York Stock Exchange -- more than double their price of two years ago and down slightly from the all-time high of $49.85 reached in November.

Get stories like this in your inbox
Subscribe