Flexiteek to acquire U.K. competitor

Author:
Publish date:
2. FlexiWilks

Flexiteek International, which manufactures synthetic teak decking, said it has reached an agreement to acquire Wilks. Based in Essex, U.K., Wilks manufactures Dek-King synthetic teak and marine fenders. Terms of the deal were not disclosed.

FlexiTeek

“The acquisition of Wilks will provide a high-quality manufacturing base with research and

development facilities,” Tomas Gustafsson, CEO of Flexiteek International AB, said in a statement. “We aim to incorporate the existing Dek-King network into our own; the Wilks marine fendering range can now also be supplied through our existing distributors worldwide.”

“Going forward we will continue to focus on PVC extrusion and further developing the

marine fendering range,” said Chris Berry, joint managing director of Wilks in the statement. “Nothing fundamentally will change.”

Flexiteek said it will retain Wilks’ manufacturing facilities and all employees. The company has a network of more than 100 distributors across 40 countries.

Related

Freedom Boat Club Buys N.Y. Franchise

The latest acquisition is Brunswick’s sixth corporate-owned Freedom operation in the United States.

In-Person NMEA Conference Announced

The electronics conference, in conjunction with the Radio Technical Commission for Maritime Services, is scheduled for Sept. 20-24 in Orlando, Fla.

Vesper Appoints U.S.-based Manager

Damien Frye will drive sales of the New Zealand-based company’s Cortex product line.

Groupe Beneteau Sells CNB

As part of the conglomerate’s realignment, the Groupe has inked an agreement with Italian yard Solaris to purchase the bluewater sailing brand.

IBEX Hires Education Director

Patty Lawrence will manage the show’s preconference sessions, seminars and workshops.

Organizers Plan for In-Person Metstrade

The show is scheduled for Nov. 16-18 in Amsterdam and will incorporate virtual elements.

X Shore Secures $17M in Funding

The Swedish company’s 26-foot Eelex 8000 electric boat premiered at the Palm Beach show last month.