Brunswick Bowling Products has been acquired by private investment firm BlueArc Capital Management.

Brunswick, which is based in Michigan, US, and has manufacturing operations in Hungary and Mexico, has been in business for over 100 years. Last year, Brunswick Corporation signed an agreement with Bowlmore AMF to sell its bowling operation.

“Brunswick is a great fit for us,” said Michael Roher, managing partner at BlueArc. “We focus on investing in well-established, market-leading companies and helping them to innovate and grow over time.

“The brand, the products and the management team all demonstrate the high performance attributes we seek within our portfolio companies.”

Brent Perrier, CEO of Brunswick Bowling Products, said the company was “excited” to be associated with BlueArc.

“Throughout the sale process BlueArc was the obvious choice of our management team. Their commitment to our business is a very positive sign to the entire industry,” he said.