Correct Craft shares industry investment insights
September 29, 2009
When Correct Craft first announced in July that it – in collaboration with private equity firm and owner Ambassador Enterprises – was assembling a team to explore marine industry investment opportunities, it piqued the industry’s interest. Given the boating business’ less-than-rosy mid-term outlook,... Read more »
Pending deal has Fountain trying to restructure
September 29, 2009
CHOCOWINITY, N.C. – With less than a week left until the scheduled auction of its assets, Fountain Powerboat Industries Inc. is trying to restructure its Chapter 11 bankruptcy protection, according to an article today in the Washington Daily News. The reason for the change is a deal pending between... Read more »
Gander Mountain plans to go private
September 29, 2009
ST. PAUL, Minn. – Gander Mountain Co. (Nasdaq: GMTN – News), a retail network of stores for hunting, fishing, camping, and marine products and services and outdoor lifestyle apparel and footwear, intends to cease its public company status, it reported in a statement yesterday. A special committee... Read more »
Genmar gets extension for reorganization plans
September 29, 2009
MINNEAPOLIS — A Minnesota Bankruptcy Court judge has granted Genmar an extension to file reorganization plans until Nov. 4, according to court documents. The order also gives Genmar until Jan. 3 to obtain acceptances of those plans. Genmar had asked for an extension until Dec. 31 to finalize plans... Read more »
Lido Yacht Expo attendance up 9 percent
September 29, 2009
IRVINE, Calif. — Attendance at the 31st annual Lido Yacht Expo increased 9 percent over 2008’s event, according to a release from organizers. The event in Newport Beach is the west coast’s final show of 2009, organizers said. “We’re very pleased with the way this year’s show turned out,”... Read more »
Interlux relaunches rebate program
September 29, 2009
UNION, N.J. — Yacht and marine paint manufacturer Interlux will celebrate the 15th year of its Yacht Paint Center and Boat Yard Center rebate program in 2010, the company reported this week. Interlux said this year’s rebate offers extend to multiple line items, representing over 100 distinct... Read more »
IMBC registration now open
September 29, 2009
WARREN, R.I.—Registration for the International Marina & Boatyard Conference (IMBC), Jan. 27–29, 2010, at the Tampa Convention Center, is now open, organizers reported in a recent statement. A downloadable registration form as well as online registration is available on IMBC’s Web site: www.marinaassociation.org/imbc. IMBC... Read more »
IN BRIEF: KEP Marine, Aleutian Yachts
September 29, 2009
SeaWide Distribution has been named the exclusive U.S. wholesale distributor for marine equipment manufacturer KEP Marine. KEP products include sunlight readable pilot house displays, glass bridge displays, monitor management interfaces, marine computers, multimedia systems, vessel monitoring software,... Read more »
An industry coming together
September 29, 2009
I can be a bit of an idealist sometimes. And one of my ideals is a united recreational marine industry, all of us working together to deliver a boating experience that exceeds customers’ expectations every time and to create a business environment that everyone wants to work in. When I see evidence... Read more »
A Brighter Tomorrow
September 25, 2009
At some point, we’ve got to start looking forward. The last few years, and particularly the last 12 months or so, have been brutal on our businesses. Powerboat sales have been on the decline for pretty much the entirety of this decade. In fact, there has been only one year in the 2000s — 2004, with... Read more »
