OMC.. IT's DONE... THE WINNER IS>>>

[Eric Olson]

LAST EDITED ON Feb-06-01 AT 09:11AM (CST)[p]It's Official, Bombardier is the new owner of the Evinrude/Johnson brands of outboards.
The bidding process is complete, I just spoke to one of the top people at OMC and everyone there is absolutely ecstatic!!!
Not because of just being purchased but because of what Bombardier will do to make those two companies the best possible!!!
The Wait Is over!!!!
Scott Golden, There are 26 Rude Rams in the Georgia facility.
Get'em while their HOT!!!!

[Todd_NE]

I assume this is the same company of Sea Doo, Ski Doo, Learjet, etc fame???

Todd

[CWS]

Thats Great! I know my dealer was pushing for Bombardier, he believes that the motors and the company will be better than ever.

P.S. Eric did you ship my model 35 last week? It still has not arrived.

Regards
Scott Duncan

[Eric Olson]

Scott,
Yes, it has left the building. Unlike Elvis, I really did see it!

EO

[Golden]

Wheeeeee, I"m getting on the phone, gotta have one of those Rude Rams. Can't let that Butter Boat have something I don't have <grin>
Thanks for the heads up!
Great seeing ya at the Walleye Expo - you put on a good seminar.

Scott

[solarfisher00]

Yes, Bombardier is the company that owns ski-doo, sea doo,etc. Anyone think there is a chance at seeing some yellow engine covers?:-)

[delgue]

went to Your seminar at the expo, that was an excellent seminar!

[Eric Olson]

Thanks guys...
I was pretty happy with the turn out.
I'm getting alot of calls for the outline we handed out. I thought it might help but ...WOW, people really liked it.
If you didn't get one, email me and I'll send one to you.

Thanks to all who attended, Jason and I are really excited about the year and where this whole thing is going.

Tight Lines
Big Fish
EO

[River_eye]

Actually, Sea-doo jet boats use Mercury jet drives, so maybe they'll start putting OMC jet drives in them?

Now....... If they decide to start putting rotax engines in the outboards, then I'll definately buy one, but I guess the chances of that would be slim.

River eye

[Dutchman]

What's a Rude Ram????

[Simple]

It is an Evinrude that spouts obscenities and pinches passing women on the tushy! Oh wait, that'd be me standing behind the motor. LOL. Truthfully, a Rude Ram is a Evinrude Ficht all hopped up on Goof Balls! They are powered to the gills.

[AquaMan]

Other way around. They wanted to get that Ficht tech for their snow sleds, water bikes and future ATVs. They want to beat the Feds to the punch on cleaner burning engines. With mounting pressure for National Park access, Ski-Doo want to be head and shoulders above the competition. Think about all the sleds that the park rangers and other state agencies need. This will put Bombadier at the top of the pile in a hurry. The Sierra Club and other tree hugging groups are going to love that one.

I hope that they also buy the PrinceCraft line as well, since it is a Canadian Company, too.

AquaMan~~~~~~~~~~~~~

--- "It all begins and ends at the water's edge"

[Eric Olson]

Actually Pricecraft is the only portion of OMC that won't be purchased. Sorry Aquaman!

[ebijack]

from what i know, they are still going to accept open bids. those rude rams are "without" warranty at 20%off list price. maybe a deal, maybe not

[IaCraig]

Yellow???? YUCK.......maybe on special anniversary editions.

Good, maybe great news! As a OMC product owner I am quite relieved.

Thanks for the update
IaCraig

[Bo]

Hi Eric, Do you know who is bidding on Princecraft? Sure would like to see them hang around.

[curt quesnell]

hey aquaman,

arctic cat unveiled its 4 stroke snowmobile a month ago....its pretty nice, the national parks were impressed also...the sled
is very quiet and very efficient.

im sure polaris as something going as well as bombarier..
so we will all win.

curt quesnell

[Crestliner gal]

Genmar will be purchasing all of OMC boating companies, while Bombardier will take the motor portion.

[T-Mac]

Princecraft purchased themselves back.

[George Eh]

Montréal, February 6, 2001- Bombardier announced today that its subsidiary Bombardier Motor Corporation of America and JTC Acquisition LLC have been selected the highest and otherwise best bidders for the assets of Outboard Marine Corporation (OMC) and certain of its affiliates at an auction administered under an order of the Bankruptcy Court of Illinois.
In December 2000, OMC filed for Chapter 11 bankruptcy protection, suspended operations and initiated an auction process to liquidate its assets.

The joint bid by Bombardier and JTC is for a consideration of $95 million US. The sale is subject to bankruptcy court approval at a hearing to be held on Thursday February 8, 2001 and regulatory approval. Upon closing, Bombardier Motor Corporation of America will receive specified engine assets and JTC Acquisiton LLC will receive the boat assets. The engine assets include the Evinrude and Johnson outboard marine engine brands as well as the FICHT fuel injection technology.

JTC Acquisiton LLC is an affiliate of Genmar Industries.

Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada.

[Mark Gilbertson]

Eric:

Any chance of getting the outline from the seminar? Email me at the above address and I'll get you the address to send it to or fax it to. Thanks!

Mark Gilbertson

[River_eye]

That would be really good if the ficht technology could work out okay in the sleds and sea doos. Especially the latter, as they are extremely harmfull to our lakes and air. I will admit that I am very environmentally conscious, but also very realistic. It's a wonder that no EFI systems ever caught on in the sled industry.

River eye

[Sparky]

What is your email address?

Sparky