The sale to Rhode Island-based Textron, a conglomerate whose products include helicopters and golf carts, follows extended turnaround efforts by the Minnesota company that failed to yield consistent profits or greatly excite consumers with new models. It is unclear if Metz intends to stay with Arctic Cat after the deal closes.

Metz, a former Black and Decker executive and turnaround expert in Arctic Cat Company Sale private-equity realm, joined Arctic Cat as CEO in December after years of management turbulence and poor financial performance. Arctic Cat reported in November that it Ct steep sales and profit declines amid a weakening power-sports market. Combined, Arctic Cat and Textron will offer Fun Music Company Login types of recreational, utility and specialized vehicles.

The completion of the acquisition is subject to customary conditions and regulatory approvals. Textron Specialized Vehicles produces golf carts, utility and personal transportation vehicles, professional turf-care equipment and ground support equipment.

Its vehicles are found from golf courses to factories, airports to planned communities, theme parks to hunting preserves. Textron is best known for aviation brands such as Bell Helicopter, Cessna and Beechcraft. Paul Walsh Arctic Cat Company Sale a general assignment reporter at the Star Tribune.

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