Emerald Marine Products said it moved its offices in response to an expansion of its line of man-overboard alert systems.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Miami-based Uniesse Marine Group acquired the assets of Uniesse Marine S.P.A. of Italy.
Forty of the workers who built the Emirates Team New Zealand America’s Cup hydro-foiling catamaran were recently laid off.
Malibu Boat’s purchase of Cobalt Boats was “not an acquisition of a sterndrive company,” but the purchase of a company that offers several opportunities given Cobalt’s entry into the outboard and wake surf segments last year.
Malibu Boats entered into “a definitive agreement” to buy privately-owned Cobalt Boats for $130 million.
Marine accessories supplier SeaStar Solutions acquired Moeller Marine Products, a company best known for making plastic fuel tanks.
Hanse Yachts AG is entering the fast-growing catamaran segment with its parent company’s acquisition of a French catamaran builder.
Capt. Conrad Morris, the owner of TowBoatUS Bay St. Louis in Mississippi, expanded by acquiring TowBoatUS Biloxi, Miss., and TowBoatUS East and West Lake Pontchartrain, La.
Taylor Made Systems said it made a $1.6 million investment in its pre-furnace glass operations that will yield a 50 percent increase in output at its tempering facility in Payne, Ohio.
Lubricant manufacturer Bel-Ray Co. LLC said it is partnering with Manitou Pontoon Boats and will become the factory fill and recommended lubricant for all Manitou boats.