Skip to main content

N.C. investor acquires Albemarle Boats

Brunswick Corp. sold Albemarle Boats to private investor Scott McLaughlin, of Raleigh, N.C.

“By selling Albemarle, we will pare redundancies in model offerings among our other offshore boat brands and will further reduce our North American manufacturing footprint, a key strategy moving forward,” Brunswick spokesman Dan Kubera told Soundings Trade Only Jan. 6.

Terms of the transaction were not disclosed by either Brunswick or McLaughlin.

“It’s a brand name that I’ve had recognition of since I was a child,” McLaughlin told Soundings Trade Only. “My family roots are very close to the proximity of this [plant] location. I had another boat manufacturing operation that I was able to roll into this and get some efficiencies that way.”

McLaughlin says he has been building convertible flybridge boats in a neighboring plant. Burch Perry, Albemarle senior vice president and general manager, says these boats will eventually tie in to the Albemarle line.

Albemarle is based in Edenton, N.C., and builds offshore fishing boats in a range of 24 to 41 feet. It has 23 employees and plans to add more if demand grows.

“We have appropriate staff for the current market conditions,” McLaughlin says.

Perry says the plant has the capacity to build as many as 100 to 120 boats a year, depending on the model mix.

“Our plans revolve solely around focusing on our product,” Perry says. “As part of Brunswick we had to fit into a bigger picture, and at this point we’re not at all concerned about that anymore. In my opinion, it makes us more nimble  — able to react to situations in the market.”

In addition to Albemarle, McLaughlin also owns other real estate in the area, including the Cypress Cove Marina in Columbia, N.C.

“Obviously, the boat market is challenged at the moment, but it’s going to get better,” he says. “It’s a good time to purchase a boat [line].”

This article originally appeared in the February 2009 issue.

Related

BOB-CONFERENCE

MMTA Sets Date for Conference

The educational Business of Boating Conference will be held in Foxboro, Mass., with in-person and remote attendance options.

AKZONOBEL

AkzoNobel Nominates Board Member

Ben Noteboom is expected to be elected chair to succeed the retiring Nils Andersen.

MARINE-MARKETERS

Neptune Awards Adds Category

“Boat Show Marketing” will recognize promotional efforts for shows, and entries will be accepted until Dec. 18.

WOMEN-SAILING

Sailing Convention for Women Returns

Postponed during Covid, the event will include on-water training, networking opportunities and workshops.

Norm

MBIA Names Board Members

The Michigan Boating Industries Association elected four new directors and named the officers who will serve next year. Also, the 2023 schedule for “Ladies Let’s Go Fishing!” is taking shape.

CL.YACHTS

CL Yachts Expands Dealer Network

The Hong Kong-based builder added retail locations in Australia, Dubai, Singapore and Macau.

LEGEND.BOAT.FIX

Legend Boats Partners With Boat Fix

The Canadian builder will offer the telematics system, which provides tracking, monitoring and 24-7 service, on new models starting next year.

MARINEMAX

MarineMax Establishes Technology Division

The company’s Boatyard and Boatzon units will operate under the new entity, New Wave Innovations.

SUNTEX

Suntex Purchases New Jersey Facility

Green Cove Marina in Brick is the company’s latest acquisition on the Jersey Shore, joining Channel Club Marina and Key Harbor Marina.