Fort Lauderdale-based safety and survival technology manufacturer ACR Electronics announced today its acquisition of Ocean Signal Ltd., a British supplier of marine safety and survival equipment.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Brunswick Corp. said it acquired BLA, Australia’s largest provider of boating, lifestyle and adventure products, to help bolster the company’s marine parts and accessories business in the region.
The Storm Trysail Club reached an agreement to buy Quantum Key West Race Week from Premiere Racing, although the race will retain title sponsor Quantum Design Group.
Chaparral parent company Marine Products Corp. opened a new 150,000-square-foot manufacturing plant at its Nashville, Ga., campus in response to increased demand for the new Vortex line of jetboats.
Correct Craft said Tuesday that it is entering the bass and walleye fishing markets with the acquisition of Bass Cat and Yar-Craft.
Pontoon manufacturer Premier Marine announced that the company will transfer the production of its Weeres and Palm Beach brands to its headquarters in Wyoming, Minn.
Kessler-Ellis Products, or KEP Marine, was recently acquired by Sparton Corp. and its subsidiary Sparton IED LLC.
Dometic Group realigned its Dometic Americas organization in conjunction with the integration of Atwood Mobile Products.
Nearly 80 percent of marine industry participants expect sales to increase between 5 and 10 percent this year, according to survey results that GE Capital’s Commercial Distribution Finance division released Wednesday.
Zurn Yacht Design is announcing a remodeled 1,200-square-foot Massachusetts facility and two additions that double the firm’s design team.