Acquisitions and Investments

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

New-home sales down 14.5 percent in March

The pace of new single-family home sales plummeted 14.5 percent in March to a seasonally adjusted annual rate of 384,000, which is the slowest pace since July 2013 and disappointing for those who were hoping for some payback after a winter slowdown.

OceanLED returns to full production

OceanLED said its U.K.-based manufacturing facility will be back to full capacity production today, 10 days after the company announced a restructuring and it introduced several new members of its management team.

Marine camera systems company expands in Lauderdale

Roughly seven months after opening its first North American sales office in Fort Lauderdale, U.K.-based Iris Corp. moved its operations to a new, larger facility in the same business complex to meet growing demand.

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