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.

Analysts optimistic about Brunswick’s long-term future

Analysts say Brunswick Corp.’s fourth-quarter results were not surprising, with RBC Capital Markets noting that the company’s liquidity position “leaves us optimistic from a long-term perspective.” Thursday, Brunswick reported a 50 percent drop in marine sales for the fourth quarter of 2008, and a 42 percent decline in total sales for the period. Total sales…more

Silverton reducing work force

Silverton Marine Corp. will lay off 202 employees, beginning today, according to the New Jersey Department of Labor. The layoffs will take place through March 26, according to DOL spokesman Kevin Smith, who said the company cited current economic conditions as the reason for the layoffs. Calls to Silverton this morning by Soundings Trade Only were…more

Dealers and Distributors

Dr. Shrink appointed UA Marine as its newest distributor in the Russian and Ukranian markets. With facilities in Mykolayiv, Ukraine and Moscow, UA Marine has relationships with a wide network of yacht builders, OEMs and retailers. Founded in 2004 in Ukraine as a yacht consultancy and distributor of products from Western Europe, UA Marine opened…more

Changing Places

Power & Motoryacht magazine promoted long-time editor in chief Richard Thiel to publisher. Thiel, who will also continue as editor in chief, has more than 25 years of experience in the marine industry and has been editor of the magazine since 1989. Thiel replaces Jim Foos, who has been promoted to publisher of a number…more

GEM buys Frost Bite Coolers

GEM Products, a manufacturer of stainless-steel products for the marine industry, acquired Frost Bite Coolers. “We feel that Frost Bite’s quality and reputation equals that of GEM and we are excited to offer their coolers as our own,” GEM president Matthew Bridgewater said in a statement. Bridgewater also announced that as GEM begins production of…more

Kenton Smith starts new consulting venture

Industry marketing veteran Wanda Kenton Smith formed a new marketing consulting practice, Kenton Smith Marketing. The new venture is an evolution of Kenton Smith Advertising & Public Relations, Kenton Smith said. Kenton Smith has tapped former agency staffers as independent contractors available on an “as needed” basis, and is also establishing a network of professional…more


Kadey-Krogen, Sea-Doo and Paradox Marine win awards

For the fourth time, a Kadey-Krogen yacht has been honored with PassageMaker magazine’s People’s Choice Award. The award, presented at Trawler Fest last week in Stuart, Fla., was given to Invictus, hull No. 1 of the new Krogen 55 Expedition trawler. Owners Bill and Lisa Roberts of Dallas accepted the award. “The Kadey-Krogen 55 Expedition…more

Group purchases assets of two marine companies

The Mifsud Group, a private investment and management group, recently acquired the assets of Corsa Performance Exhausts and Gil Marine, JB Design Inc., a premium performance exhaust manufacturer in Berea, Ohio. The transaction closed Jan. 8 and terms were not disclosed. Corsa Performance Exhausts will be operated by TMG Performance Products, a division of The…more

Naples show organizers ‘thrilled’ with turnout

More than 7,000 people recently attended the 42nd annual Naples Boat Show, and its first accompanying Seafood Festival. The event was sponsored by the Marine Industries Association of Collier County. More than 100 vendors, including more than 20 area boat dealers and in excess of 80 related businesses were on hand for the show. “We…more

Brunswick releases 4Q numbers

A 50 percent drop in marine sales for the fourth quarter of 2008 contributed to Brunswick Corp.’s 42 percent decline in total sales for the period, the company reported today. Total sales for the fourth quarter were $837.7 million, Brunswick said, versus approximately $1.4 billion in the same sales period of 2007. For the fourth…more

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