Hanse Yachts AG is entering the fast-growing catamaran segment with its parent company’s acquisition of a French catamaran builder.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
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.
U.K.-based International Boat Industry magazine and its associated websites and newsletters were acquired by Boating Communications Ltd. from Time Inc. (UK) Ltd.
Canadian power dolly manufacturer Parkit 360 said it has had record growth in several key business segments and announced expansion plans.
Nautical Ventures Group said its cruise ship division, QPS Marine Ships, recently completed the sale of the 503-foot, 20,216 gross-ton passenger cruise ship MV Voyager.
Atlanta-based OneWater Marine Holdings LLC said it acquired Grande Yachts International, which has 11 coastal locations in New York, Maryland, Virginia, North Carolina, South Carolina and Florida.
SeaArk Boats said its production facility in Monticello, Ark. is undergoing expansion and renovation to accommodate growing sales demand.
Navionics said Monday that it acquired navigation chart provider Wavey Line Charts.