Indiana Marine Products inks supplier deal

Author:
Publish date:
Social count:
0

Indiana Marine Products recently signed a supply agreement with Marsh Electronics.

Marsh Electronics, a supplier of electro-mechanical products, has developed a vendor-managed program on electrical components in the IMP facility in Angola, Ind.

"IMP is aggressively building the most effective and efficient supply chain and logistics system in the industry," IMP CEO Mike Peters said in a statement. "This program with Marsh Electronics translates into quicker response time to our customers' needs at the best total cost."

"Our companies have developed a strong relationship that is based on the speed of trust," said Marsh branch manager Mike Lamping. "There are checks and balances built into the system, and it is not necessary to spend or waste time validating each and every transaction. This allows for more time dedicated to supporting the program and adapting to changes."

Related

MarineMax has strong second quarter

MarineMax grew revenue more than 10 percent to $270.6 million in the second quarter, prompting the company again to raise its annual expectations to $1.44 to $1.50 versus its prior expectations of $1.30 to $1.40 per-diluted-share.

Brunswick releases first quarter sales

Brunswick Corp. announced that consolidated net sales increased 7 percent in the first quarter, with the marine engine segment up 9 percent and the boat segment rising 7 percent over last year.

Flir posts first quarter results

First quarter revenue at Flir Systems Inc. grew 8 percent to $439.6 million, and organic revenue was up 13 percent, due in part to strong results in the Raymarine.