Magnetic Marine Products signs deal with T-H Marine Supplies

T-H Marine Supplies of Huntsville, Ala., and Magnetic Marine Products LLC, of Ada, Mich., entered into an agreement.
Author:
Updated:
Original:

T-H Marine Supplies of Huntsville, Ala., and Magnetic Marine Products LLC, of Ada, Mich., entered into an agreement that grants T-H Marine exclusive global rights to manufacture and distribute the patented Gear Grabbar line of magnetic tackle management systems.

Financial terms of the deal were not disclosed.

“We are excited to announce our acquisition of the rights to these really cool magnetic lure holders,” T-H Marine president and CEO Jeff Huntley said in a statement.

“The Gear Grabbar product line has earned multiple awards during the past few years, including best-new-product accolades at the Bassmaster Classic and ICAST shows for the Original Gear Grabbar and the 2012 ICAST Best In Show Award for Tackle Management for the lure hangar kit.”

“T-H Marine’s ability to fully expand distribution, combined with their incredibly strong OEM presence, makes John and I thrilled to partner with them,” Magnetic Marine co-founder Jennifer Gesik said.

“The Gear Grabbar magnetic tackle management system was invented to help people fish faster, safer and smarter. We want everyone who needs better tackle organization in their boat to experience the benefits of these inventions. T-H Marine’s strength in the boating and fishing industries will take these products to a whole new level, enabling more fishermen than ever to experience the remarkable utility and power of magnetic tackle management.”

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.