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For the Record: Ferretti Group to open assembly plant in China

The Ferretti Group intends to open an assembly plant in China as its new Chinese parent seeks to drive up sales in one of the world’s fastest-growing economies. Tan Xuguang, chairman of the company and of its majority owner, Shandong Heavy Industry Group-Weichai Group, told reporters in Beijing Aug. 31 that the plant will customize…more

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Movers and Shakers

Brownell Trailers of Fairhaven, Mass., maker of hydraulic boat trailers and Rok Boat Stands, appointed Justin Reis to direct the design and engineering of the company’s products. Reis has a bachelor’s degree in mechanical engineering from Dartmouth College and a master’s degree in mechanical engineering from the University of Massachusetts. He has extensive experience in…more

A north-of-the-border political push

NMMA Canada holds an ABC-like summit on Parliament Hill to bring boating’s case to lawmakers NMMA Canada held its first summit on Ottawa’s Parliament Hill this year, launching an undertaking similar to that occurring in the United States: educating lawmakers about the industry’s economic impact and reinforcing its importance to tourism, manufacturing and the overall…more

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For the Record: Front Street Shipyard expands with purchase

Front Street Shipyard, on the Belfast, Maine, waterfront, recently purchased the neighboring Belfast Boatyard. Front Street’s acquisition of Belfast adds 500 feet of deepwater frontage, 22 slips, 20 moorings and harbor floats, increasing the yard’s service and storage capabilities. The acquisition was “part of a strategic growth plan,” Front Street president J.B. Turner said in…more

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Movers and Shakers

MCBC Holdings, the parent company of MasterCraft and Hydra-Sports Boat Co., named Terry McNew president and CEO of MasterCraft and its affiliates. McNew assumed these roles, along with a position on the company’s board of directors, on Aug. 13. He replaces John Dorton, who is retiring. McNew joins MasterCraft from Brunswick Corp., where he has…more

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Q&A with Robert C. Arzbaecher, President and CEO of Actuant Corp.

Robert C. Arzbaecher has served as president and CEO of Actuant Corp. since 2000, when it split from Applied Power Inc. The $1.6 billion Wisconsin business is a diversified industrial company with operations in more than 30 countries. With hands in several industries, Actuant’s marine businesses include Marinco, which makes marine shore-power and electrical products;…more

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Q&A with Joe Lewis, Grow Boating chairman

Joe Lewis, 56, is the owner and general manager of Mount Dora Boating Center & Marina, a dealership and full-service marina in central Florida with 94 wet slips and 140 drystack slips. He also is the chairman of Grow Boating, the industry program that promotes the boating lifestyle. Relaunched last year after several years of…more

Marlow is new owner of Hunter

The president and chief restructuring officer of Hunter Marine Corp. says he expects that Marlow Acquisitions LLC’s purchase of the assets of Hunter and “selected assets” of Mainship Corp. and Luhrs Corp. will close during July. The U.S. Bankruptcy Court for the District of New Jersey approved the sale to Marlow July 10, and John…more

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For the Record: NMMA West formed as trade groups merge

The National Marine Manufacturers Association outlined its merger with the Southern California Marine Association, including taking over the production of SCMA boat shows. With the integration, which received 94 percent approval from SCMA voters, the California group and its members will be part of the NMMA under the newly formed NMMA West, according to a…more

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