Funding model a top priority for Tadd
July 29, 2005
Boating Industry magazine interviewed Steve Tadd as he stepped from his previous position as director of the National Marine Manufacturer’s Association’s Discover Boating program into his new role as director of the Grow Boating Initiative. For more information on Tadd’s new job, click here. Boating... Read more »
West Marine expects customer focus to revive earnings
July 29, 2005
WATSONVILLE, Calif. – While West Marine’s sales and profits were down in the second quarter ended July 2, compared to last year, CEO Peter Harris suggested its new initiatives would start to positively impact the retailer’s financial results in 2006 and have an even larger impact in 2007. West... Read more »
Brunswick’s U.S. boat builder acquisitions almost complete
July 29, 2005
LAKE FOREST, Ill. – Just when the industry was starting to get used to Brunswick’s frequent acquisitions announcements, George Buckley, Brunswick Corp. chairman and CEO, says it is now almost finished “filling in the white space” in its U.S. boat business and will begin focusing on European acquisitions... Read more »
Marine Products Corp. looking for acquisitions
July 29, 2005
ATLANTA – Boat builder Marine Products Corp. is looking for acquisitions, said CEO Richard A. Hubbell in the company’s second quarter earnings conference call, when asked about the company’s cash-heavy state. Marine Products Corp. has over $14 million in cash and cash equivalents; however, Hubbell... Read more »
NY State adopts minimum age increase for PWC operators
July 29, 2005
WASHINGTON, D.C. – The Personal Watercraft Industry Association is supporting the passage of a bill in New York State that will increase the minimum age of PWC operators to 14, according to a recent statement from the group. The following statement can be attributed to Maureen Healey, Executive Director... Read more »
Regal Boats co-founder Carol Kuck passes on
July 29, 2005
ORLANDO, Fla. – After 19 months of battling cancer, Carol Kuck, co-founder of Regal Marine Industries, Inc. and loving wife, mother and grandmother, has passed on, the company reported in a recent statement. Married in 1951, Carol and husband Paul Kuck built a life together – and later began Regal... Read more »
Brunswick funds digital ABYC standards database
July 29, 2005
EDGEWATER, Md. – The creation of an online searchable database for archived American Boat & Yacht Council standards has begun, made possible by a donation from the Brunswick Boat Group, ABYC reported in a recent statement. The database will include ABYC standards published since 1972, and the... Read more »
Glassmaster purchases Penn Craft assets
July 29, 2005
LEXINGTON, S.C. – Glassmaster Co. (OTCBB:GLMAE.OB) has purchased Penn Craft, L.L.C. assets, a center console, bay boat product line from 18 to 22 feet in length, the company reported in a recent statement. The purchase price was not disclosed. This product line will be a part of Glassmaster Marine,... Read more »
Teleflex reports slowing of marine sales
July 29, 2005
LIMERICK, Pa. – Teleflex Inc. saw a decline in revenues from its Commercial Segment in the second quarter, in part because of slowing marine sales, it reported in a recent statement. Commercial Segment revenues declined 2 percent in the second quarter of 2005 to $314.7 million from $322.6 million in... Read more »
Addition: Clean Water Solutions receives new award
July 29, 2005
LAS VEGAS – In our report on the Innovation Award winners from the Marine Aftermarket Accessories Trade Show last week, we mistakenly left out the first-ever Environmental Innovation Award, which was awarded to Clean Water Solutions. The company’s oil eradicators were recognized for their ability... Read more »
