Acquisitions and Investments

Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.

Gunboat president resigns as auction nears

North Carolina-based Gunboat International Ltd. will be sold at auction as a single lot to bidders, according to an amended motion filed in bankruptcy court on Tuesday.

Sunseeker will add staff as part of expansion

Sunseeker International announced it is looking to recruit 225 workers, an increase on its original plan for 100 new employees, to support the introduction of several new models planned for this year.

North Carolina catamaran builder details expansion

33rd Strike Group said an increase in demand and production after last year’s dealer meeting required an expansion from 30,000 square feet to 80,000 at the boatbuilder’s North Carolina plant.

ZF acquires German company

ZF bought the industrial gears and wind turbine gearbox business of Bosch Rexroth AG, resulting in 1,200 employees from Witten, Germany, Lake Zurich, Ill., and Beijing joining the technology company.

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