Technomarine Group said Technomarine Yachts acquired the yacht brokerage firm Palm Beach Power Boats in Palm Beach, Fla.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Essex Yacht Sales LLC, owned by Leslie Quarrier, acquired Boatworks Yacht Sales in Essex, Conn., which has operated in the area for more than 25 years.
Fairline Boats was bought out of administration, the British equivalent of Chapter 11 bankruptcy protection, for an undisclosed sum.
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.
Gunboat International, a manufacturer of luxury carbon fiber sailing catamarans, is headed to auction.
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.
Several companies are discussing purchasing British builder Fairline Boats, which last month entered into administration, which is equivalent to Chapter 11 restructuring in the United States.
Nickels Boat Works, which has built boats for more than 60 years, is now the manufacturing division of WindRider International.
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 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.