Genmar selects stalking-horse bidder
November 30, 2009
MINNEAPOLIS, Minn. – Genmar Holdings, Inc. has selected Platinum Equity, Beverly Hills, Calif., as the “stalking-horse” bidder for an auction process of Genmar’s assets, to be conducted on Jan. 7, 2010, subject to Bankruptcy Court approval, the boat building firm reported in a statement this... Read more »
Dealers, manufacturers come together at MDCE
November 24, 2009
ORLANDO, Fla. — In a break from tradition, the Marine Dealer Conference & Expo concluded last week by bringing together dealers and manufacturers to focus on ways the industry can work together. In the past, the event ended with a Dealer Solutions panel and an Industry Giants panel, with dealers... Read more »
Industry execs discuss inventory issues
November 24, 2009
ORLANDO, Fla. — In front of several hundred people at the Marine Dealer Conference & Expo, nearly a half dozen industry leaders addressed inventory management issues that have plagued the marine industry for the past year and a half. The panel included Dusty McCoy, CEO of Brunswick Corp.; Duane... Read more »
MDCE organizers hand out Best Ideas Panel Grand Prize
November 24, 2009
ORLANDO, Fla. – During the final session of the Marine Dealer Conference & Expo on Wednesday, Nov. 18, organizers presented the first ever MDCE Best Ideas Panel Grand Prize to Lauren Woodard-Splatt, general manager of Woodard Marine, Lake Bomoseen, Vt. Created to support and reward dealer-to-dealer... Read more »
Nancy Smith receives 2009 Darlene Briggs Award
November 24, 2009
ORLANDO, Fla. – Nancy Smith, vice president and co-owner of boat dealership Colorado Boat Center, was named the 2009 Darlene Briggs Award Winner during a luncheon held last Wednesday at the Marine Dealer Conference & Expo. The honor is given annually to an outstanding woman in the marine industry. Those... Read more »
New Orleans Boat & Sportshow postponed until 2011
November 24, 2009
CHICAGO – The National Marine Manufacturers Association (NMMA) has postponed the New Orleans Boat & Sportshow until 2011 “in order to address dealer demands as the boating industry pulls out of the recession,” it stated in a recent release. “There just wasn’t enough critical mass to warrant... Read more »
Coast Distribution reports profitable Q3
November 24, 2009
MORGAN HILL, Calif. — Aftermarket supplier Coast Distribution System Inc. reported net earnings of $0.9 million in the third quarter despite lower net sales of $29.6 million, according to a recent release. For the same period of 2008, Coast reported a net loss of $0.3 million on net sales of $34.7... Read more »
In Brief: NMMA, MITEC, Atlantic City Power Boat Show, Tigé Boats, Bio-Kleen Products
November 24, 2009
A Pirates of Colonial America exhibit will premiere at three National Marine Manufacturers Association boat shows this year, the group said this week. The new exhibit gives visitors the opportunity to learn how pirates played an active role in early Colonial America and was created by historical researchers,... Read more »
Genmar targets next week for sale
November 20, 2009
MINNEAPOLIS — In a letter to dealers this week, Genmar President and CEO Roger Cloutier provided an update on the sale of the company’s assets, saying Genmar was targeting the middle of next week for a transaction. “We have been working with a potential investor on an exclusive basis with... Read more »
Kaye Pearson receives posthumous service award
November 20, 2009
CHICAGO — Kaye Pearson, who died of cancer in March at the age of 68, has been honored by the National Marine Bankers Association (NMBA) with the William B. Otto III Marine Lending Industry Service Award, according to a release from the NMBA. The announcement was made Nov. 10 at the NMBA’s annual... Read more »
