RNS Number:3007P
Brunswick Corp
02 September 2003

Brunswick Acquires Boat Parts and Accessories Business of Attwood

LAKE FOREST, Ill., Sep 2, 2003 -- Brunswick Corporation (NYSE: BC) announced
today that it has acquired the marine product business of Attwood Corporation, a
leading manufacturer of marine hardware and accessories and a subsidiary of
Steelcase Incorporated (NYSE: SCS), for approximately $47.9 million in cash.
Lowell, Mich.-based Attwood, with annual sales of approximately $56 million,
will be part of the Brunswick Boat Group's Parts and Accessories business.

"Attwood is among the largest and most respected marine parts manufacturers in
North America, which will immediately give us a significant presence in this
market," said George W. Buckley, chairman and chief executive officer of
Brunswick Corporation. "Participating in the boat parts and accessories (P&A)
segment achieves a number of strategic objectives. It facilitates our efforts to
integrate boat and engine design and engineering. It also enables us to offer a
higher level of service to our dealers. In addition, it provides Brunswick a
chance to increase sales as well as an attractive profit opportunity for
Brunswick and our dealers as after-market P&A traditionally offers higher-
margins."

"As with our recent acquisition of Land 'N' Sea, Attwood is a key element in our
goal of building a dedicated boat P&A business," explained Dustan E. McCoy,
president of the Brunswick Boat Group. "Our strategy is to focus on delivering
to Attwood customers -- dealers and independent repair shops, warehouse
distributors, retailers, and original equipment manufacturers -- superior parts
and service support. Further, Attwood's in-house component design and
engineering capabilities will enable us to develop a line of proprietary P&A for
our Brunswick boat brands and dealers."

"In addition, Attwood has used vendors from around the globe for 25 years to
produce its own designed and engineered products," McCoy said. "We believe these
relationships will make our current global sourcing initiatives even more
effective. Combined with Land 'N' Sea's broad distribution network, Attwood will
be a great addition to the Boat Group's P&A business."

"Attwood's strong sales, marketing and customer service, product quality and
operations were very compelling," added Randy Gray, vice president and general
manager of Brunswick Boat Parts and Accessories. "Attwood is ISO 9001 certified
and has solid operations and warehousing systems, including lean manufacturing
practices and highly efficient pick-and-ship capabilities. Our plans are to
solidify and integrate Attwood's operations into the Brunswick Boat Group as
swiftly and efficiently as possible."

About Brunswick

Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill
"Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury
and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard
engines; Teignbridge propellers; MotoTron electronic controls; Northstar marine
electronics; Navman GPS-based products; IDS dealer management systems; Sea Ray,
Bayliner, Maxum, Hatteras, Meridian and Sealine pleasure boats; Baja high-
performance boats; Boston Whaler and Trophy offshore fishing boats; Princecraft
fishing, deck and pontoon boats; Attwood marine parts and accessories; Land 'N'
Sea parts and accessories distribution; Life Fitness, Hammer Strength and
ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer
products; Brunswick billiards tables; and Valley-Dynamo pool, table hockey and
foosball tables. For more information, visit www.brunswick.com . Dan Kubera,
Director, Public and Financial Relations of Brunswick Corporation, +1-847-735-
4617 http://www.brunswick.com



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