Marine Accessories Corp. acquires boat-towing system - Trade Only Today

Marine Accessories Corp. acquires boat-towing system

Marine Accessories Corp. said today that it acquired Marine Accessories B.V.
Author:
Publish date:

Marine Accessories Corp. said today that it acquired Marine Accessories B.V.

Included in the purchase is the patented TurboSwing towing system for outboard boats, which facilitates water skiing, wakeboarding and other towed watersports.

For the last three years, MAC has had exclusive manufacturing and distribution rights for TurboSwing in the United States, Central and South America and the Caribbean.

“We’ve enjoyed solid growth with TurboSwing in the United States and in our designated markets,” Marine Accessories Corp. CEO Rick Reyenger said in a statement. “We look forward to leveraging our infrastructure on a global scale to attract additional TurboSwing OEMs and retail customers.”

The newly formed entity will be Marine Accessories Europe B.V., which will be responsible for marketing and distributing not only MAC’s TurboSwing and Monster Tower products throughout Europe, the Middle East and Africa, but also associated marine products and future MAC acquisitions.

Former Marine Accessories B.V. general manager Jeroen Behrend will serve as general manager of the newly formed MAE, based in The Netherlands.

“Jeroen and his team have developed an expansive European distribution base through his marine industry contacts and decades of experience,” Reyenger said. “Having a European-based office helps us to better address business and cultural nuances unique to our international markets. This is an advantage we can use to promote MAC products and other marine brands as practical.”

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.