Acquisitions and Investments

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

Azimut Benetti Group executive steps down

Azimut Benetti Group CEO Ferruccio Luppi is now also serving as CEO of the yachts business line for the group, taking over for Paolo Casini as he leaves the company to pursue other opportunities.

Yara buys marine-pollution control company

Norwegian nitrogen oxide emissions control system manufacturer Yara acquired Germany-based H+H Umwelt ind Industrietechnik GmbH, the maker of Marine Selective Catalytic Reduction technology.

NMTA buys Northwest Paddling Festival

The Northwest Marine Trade Association recently bought the Northwest Paddling Festival, the region’s largest event dedicated to the increasingly popular recreation.

Marine Response Alliance relocates to Texas

Marine Response Alliance, an association of U.S. emergency responders providing OPA 90 Salvage Marine Firefighting, has relocated from Pompano, Fla., to Houston so it can be situated with international salvage partner Titan Salvage. Located near George Bush International Airport, the new Marine Response Alliance office has a 102,500-square-foot maintenance and warehousing facility with 4.61 acres…more

Malibu Boats cites its strengths in IPO filing

Malibu Boats’ filing with the Securities and Exchange Commission for an initial public offering says the company has held the No. 1 market share position among U.S. performance sportboat manufacturers for nearly four years.

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