Private equity firm Permira is among the potential bidders for Sweden-based Dometic, the marine refrigerator maker being sold by its banks. Banks took control of the business from buyout owners BC Partners in September 2009, Dow Jones Newswires reports. The auction is being run by Merrill Lynch and first-round bids are due Nov. 9. The…more
Marine industry technology news ranges from engine and other product debuts to reports of executive promotions and interviews with CEOs.
Cummins today reported that third-quarter sales and profits increased sharply from the same period a year earlier, with the company’s continued strong performance in international markets a primary driver of the improved results. Sales of $3.4 billion in the third quarter, which ended Sept. 26, rose 34 percent from $2.53 billion in the same quarter…more
Intellian announced its limited-time year-end rebate promotion, which runs through Dec. 31. During that time, customers who purchase an Intellian i2 or i3 satellite TV antenna can receive $100, and those who purchase the i4, i6, or an Intellian Fleet Broadband FB150 or FB250 communication system are eligible to receive a $200 cash rebate. “Our…more
New Mares models for 2011 will have Cummins diesels and Zeus pod drives, company president Lenny Noble announced. The first 43 Fly-Bridge and 43 Express are scheduled to arrive early next year. Mares has been building power catamarans from 38 to 100 feet for more than two decades. Click here for the full release.
Marine and fire safety equipment manufacturer Viking Life-Saving Equipment A/S recently acquired Hygrapha GmbH & Co. “The move sees the two former competitors joining forces to strengthen capabilities, with a strong strategic presence in Germany, where the deal will be a significant win for ship owners looking for global safety solutions,” the companies said in…more
Cobra Electronics launched a new website featuring easier navigation. The site is organized into product categories as well as lifestyle categories to make it easier for users to see everything they need for a specific activity, such as spending a day on the water or taking a road trip. Each product category is then divided…more
Indmar Marine Engines announced a new factory five-year warranty program available on all 2011 Indmar marine engines. The warranty is fully backed by Indmar and does not include an outsourced third party, the company said. The warranty is also fully transferable. “With five consecutive recognitions from the NMMA for outstanding customer service, offering the Factory…more
Cook Composites and Polymers announced a price increase of as much as 12 cents a pound for Chempol Acrylic Coatings Resins and Coroc Additives. The new prices are effective for orders shipped on or after Sept. 20. “This action is necessary due to continued cost increases and tight supply of acrylic monomers,” the company said…more
The marine industry lost a man who helped create the concept of retail merchandising for propellers when Dixon L. Kendall, of Morton Grove, Ill., died Aug. 25 of a heart attack. He was 74. A Chicago native, Kendall brought decades of merchandising and marketing experience to his tenure with Turning Point Propellers, where he served…more
Duke Energy Carolinas will no longer pursue a plan to place as many as three demonstration wind turbines in the Pamlico Sound. Instead, the company and the University of North Carolina at Chapel Hill will refocus their efforts to study and help enable large-scale offshore wind development on the ocean side of the North Carolina…more