March 1, 2018 / 1:36 PM / 7 months ago

Boat maker Brunswick to spin off fitness equipment business

March 1 (Reuters) - Recreational products maker Brunswick Corp will spin off its fitness business into a publicly traded company, the company known for its marine boats and billiards tables said on Thursday.

The deal is expected to be tax-free to Brunswick shareholders. Brunswick's fitness unit that makes home and commercial equipment had sales of $1 billion in 2017. (Reporting by Nivedita Balu in Bengaluru; Editing by Sai Sachin Ravikumar)

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