Industry sweet spot discussed at IMBC
January 31, 2006
ORLANDO, Fla. – The International Marina & Boatyard Conference kicked off yesterday morning with a keynote address on Generation Jones, the consumer age group between Baby Boomers and Gen Xers, which is said to make up 40-to-50 percent of marinas’ customers. Keynote speaker Jonathan... Read more »
Simrad to merge with Lowrance
January 31, 2006
TULSA, Okla. – Simrad Yachting AS has agreed to acquire all of the outstanding shares of Lowrance Electronics, Inc., for $37 per share, Lowrance reported in a release yesterday. Under the terms of a merger agreement entered into by the parties, Navico Acquisition Corp., a newly formed wholly owned... Read more »
EH Yachts acquires International Power Boats
January 31, 2006
EGG HARBOR CITY, N.J. – EH Yachts, manufacturers of Egg Harbor Yachts, Davis Yachts, Predator and Topaz, has acquired International Power Boats, EH reported in a recent release. The purchase of IPB adds high performance military and commercial vessels to the EH lineup and the company said the move... Read more »
Attendance up 29 percent at Minneapolis Boat Show
January 31, 2006
MINNEAPOLIS – The 2006 Minneapolis Boat Show saw an increase in attendance of 29 percent over last year and an increase of 22 percent over the three-year average, the National Marine Manufacturers Association – producers of the show ¬- said in a release today. Total attendance for the... Read more »
Tige expands to new plant, headquarters
January 31, 2006
ABILENE, Texas – Tigé Boats, Inc., has begun production at its new 135,000 square-foot headquarters and manufacturing facility in Abilene, Texas, the company reported in a release today. Located on 40 acres adjacent to the Abilene Regional Airport, Tigé’s complex is aimed at dramatically... Read more »
Cummins posts record quarter and year
January 31, 2006
COLUMBUS, Ind. – Marine engine and genset manufacturer Cummins Inc., has completed a record 2005 fiscal year by posting its most profitable quarter ever, the company reported in a release yesterday. In the fourth quarter of 2005, Cummins sales increased 17 percent, to a record $2.75 billion from... Read more »
ABA signs new suppliers
January 31, 2006
GRAND RAPIDS, Mich. – The American Boatbuilders Association has signed two new “Suppliers of Choice” agreements, the ABA reported in a recent release. Compsys, Inc., and Structural Composites, Inc., both of Melbourne, Fla., have been selected. Compsys, Inc., manufactures PRIMSA composite... Read more »
Dr. Shrink’s recycling program expands
January 31, 2006
MANISTEE, Mich. – The Rebag recycling program from Dr. Shrink, which has been in effect and successful in the United States for over eight years, is now available in Canada, according to a statement from the company this week. It will work similarly to the U.S. program, with the exception of its... Read more »
Marinas International welcomes back Scheimann
January 31, 2006
DALLAS – Marinas International has hired Kirby Scheimann, CMM, to the M.I. team, the company said in a press release Friday. Scheimann has been appointed managing director of Marinas International’s management division. “We are looking at several models of developing new business through... Read more »
Pelican hires new sales director
January 31, 2006
TORRANCE, Calif. – Pelican Products has named John Chesen as director of international sales, according to a press release from the company yesterday. He will be responsible for leading Pelican’s sales in East and South Asia, Latin America and the Caribbean. Chesen brings more than 20 years... Read more »
