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From factory openings to production milestones to the launch of new boats, the marine industry makes news in numerous ways. Trade Only follows developments wherever they occur.

082708scott

Changing places

Western Marine Insurance Services appointed Scott Olmstead vice president of programs underwriting of the Aquapac Plus recreational marine package programs. Olmstead will be responsible for managing the underwriting department, taking the lead on program enhancements, and assisting with insurance underwriting to ensure the profitability and longevity of the programs. “Scott has a great track record…more

Paradox names international distributors

Paradox Marine, a wireless boat security, tracking and monitoring systems supplier, has appointed five new international distributors. The new distributors are Marine Express (Brazil), Crystal Electronics (New Zealand), SOFAB (Saudi Arabia), DH Marine Electrical (South Africa), and KALYON Guvenlik & Danismanlik (Turkey). Paradox Marine is based in Fort Lauderdale and its products include the Marine…more

Gander reports modest 2Q loss

Gander Mountain Co. today reported sales of $252.9 million for the quarter ending Aug. 2, an increase of 16.8 percent over the prior year period, while comparable store sales decreased 11.7 percent in the second quarter. The 2008 period includes $39.7 million in revenue because of the expansion of the company’s direct marketing business through…more

King Trailers GM dies at 62

John Cowan, general manager of King Trailers, died Aug. 24. He was 62 and had battled cancer. “His leadership provided the company with unprecedented growth with his determination that customer service is paramount. John will be remembered for his honesty and integrity,” the company said in a statement. Manfred Bleisteiner, who had worked closely with…more

Creditor becomes owner of New River Marina

Ownership of the New River Marina was transferred to Alex Nichols Aug. 15 in U.S. Bankruptcy Court, Southern District of Florida. Nichols received the Fort Lauderdale, Fla., marina through the transfer of a deed in lieu of foreclosure as the principal of 84 Marina LLC and the primary secured creditor, owed $13.3 million by the…more

Brunswick makes offer for West Coast dealer

Brunswick Corp. has offered to buy Redmond, Wash.-based Olympic Boat Centers out of bankruptcy for $48 million, The Seattle Times reports. Olympic Boat and its affiliates run 20 dealerships from British Columbia to California. This week, a bankruptcy-court judge is expected to schedule a Sept. 23 auction of Olympic’s assets and spell out procedures for…more

Derema Group honored by West Marine

Derema Group, a national marine and sporting goods manufacturers representative organization, was awarded top honors at West Marine’s annual V.I.V. (Very Important Vendor) event. John Morin, a member of Derema Group’s vendor-managed support team functioning within West Marine in Watsonville, Calif., received “Rep. of the Year” honors for his contributions in building the business from…more

Trawler Fest Solomons runs next month

PassageMaker magazine presents Trawler Fest Solomons, Md., Sept. 25-28 at the Holiday Inn Select and Calvert Marina. Celebrating its 14th year in the southern Maryland county of Solomons, this year’s event will feature more than 120 exhibitors, with more than 2,500 attendees expected. This niche show provides companies with qualified buyers and networking opportunities in…more

Priority One mourns noted executive

Priority One Financial Services reports the passing of business development manager Denise Rich-Wistoft, who died Aug. 24 after a brief battle with lymphoma. Rich-Wistoft was a member of the Priority One family for more than six years and is credited with contributing to the growth and success of many departments, including sales, operations and marketing.…more

Gander to release 2Q results Wednesday

Gander Mountain Co. will announce results Wednesday for the company’s second quarter of fiscal 2008. A conference call to discuss the results will be held at 9 a.m. EDT. The conference call will be Webcast at www.gandermtn.com. To listen to the call, go to the calendar of events on the investor relations page of the…more

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