BRP Inc., which moved its U.S. headquarters to Plano, Texas last year, is considering spending $385 million on acquisitions to expand its product lineup, according to the Dallas Morning News.
BRP expects to decide on a new product line within 18 months, chief executive officer Jose Boisjoli said last Wednesday. He wants to propel BRP past $4.6 billion in annual revenue by 2020. Sales were about $3.4 billion in the year ended Jan. 31, Valcourt, Quebec-based BRP reported last week.
"We've got good growth coming in the next few years, but we also have to focus on what comes after that," Boisjoli said. "It could be an internal development, a partnership or an acquisition. We're having those discussions now."
To read the full story, click here.