No, Brunswick does not own Hatteras Yachts. The two companies have a long and interesting history, however. Hatteras Yachts was founded in 1959 by Willis Slane and his brother Wilbur when they bought the struggling Richardson Boat Company of High Point, North Carolina. They renamed it Hatteras after their home town of Hatteras Village on the Outer Banks of North Carolina. In 1969, Brunswick Corporation purchased a 50 percent interest in Hatteras Yachts and soon became a majority owner with 95% ownership acquired in 1972. However, Brunswick sold its interest to Investcorp International Inc., an investment banking firm based in Bahrain, in 1986 who then sold it to present-day owners Newport Acquisition Corp. This allowed for new investments into the company which has seen tremendous growth since that time as well as major improvements such as fiberglass boat construction methods and more efficient manufacturing processes developed over the years under private ownership.