Bonnier Corp. acquired The Promotion Company-Family Events, a sporting event organizer and producer outside Indianapolis.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Navico Holding AS, the parent company to Simrad navigational marine electronics, acquired Maritime Information Systems A/S, or Maris, from The Grieg Group.
Taylor Made Systems said it received corporate approval to further expand its glass-manufacturing capabilities by making an investment in a high-throughput horizontal glass furnace.
Sparta, Tenn.-based Moeller Marine, an industry leader in rotationally molded plastic fuel tanks, said it is expanding its offerings by entering the marine aluminum fuel tank market.
SureShade said it received a new “notice of allowance” from the U.S. Patent and Trademark Office for its “manually operated boat canopy system” that is marketed in the recreational boating industry as the SureShade MTF retractable boat shade.
Marine instrument manufacturer Thomas G. Faria Corp., known for products under the brand name Faria, officially changed its name to Faria Beede Instruments.
A Commerce, Okla.-based company asked for tax abatement and other financial incentives to move onto the Bertram Yacht property on Merritt Island, Fla., and build 60- to 90-foot Ocean Alexander yachts using vacuum-infusion technology.
Atlanta-based Singleton Marine announced a merger with Legendary Marine of Florida that will strengthen the combined companies’ presence in the important Gulf Coast market.
Some dealers might have entered the Rec Boat Holdings dealer meeting earlier this month with apprehension after the company’s sale to the Beneteau Group, but Dave Kazmark of Patchogue Shores Marina was not one of them.
Fort Myers (Fla.) City Council heard a pitch Monday from a real estate investor who hopes to lease the city’s money-losing yacht basin and turn it into a profitable venture.