Quantum Sail buys Sri Lankan factory

Author:
Updated:
Original:

The Quantum Sail Design Group entered into an agreement with Dimension-Polyant to purchase the company’s sailmaking facility in Sri Lanka.

The timeline for the acquisition is subject to Sri Lankan business regulations, but is expected to be complete in the next three to six months, according to the company.

Quantum president Ed Reynolds said the acquisition is part of the company’s overall strategic plan, which includes providing the highest-quality sails to a global market.

“With an expanding network of dealers and increasing sales around the world, the Sri Lanka acquisition is a critical piece of the plan,” Reynolds said in a statement. “We are very excited about the opportunity to acquire what we believe to be the premier sail-making production facility in the world.”

Quantum was formed in 1996 by a group of independent and experienced sail-makers. The company has grown to more than 60 sales and service outlets throughout the world. Its U.S. headquarters is in Traverse City, Mich., and its European headquarters is in Barcelona, Spain.

Quantum also has sailmaking facilities in Traverse City, Malaysia and South Africa.

Click here for the full release.

Related

Quick Hits: October 30, 2020

HMY Yacht Sales opens new office; FLIR, Patrick Industries, Marine Products Corp., and Twin Disc all report quarterly financials.

BoatUS, Stakeholders Ask FCC to Reconsider Approval of Ligado L-Band Wireless Plan

A group says the land-based, industrial 5G L-Band wireless network will make the nation’s GPS system less reliable.

VIDEO: Get On Board Campaign Sees Results

The boating and fishing industry worked together to leverage the health benefits of both activities during the pandemic.

Yamaha Tech School Partnership Program Hits Century Mark

The outboard manufacturer’s program creates a student-to-technician pipeline for Yamaha dealers and provides technical schools with instructor-led courses and tools.

A Wealth of Debuts at FLIBS

Over 20 new models are premiering at the downsized show; here are some of the standouts under 60 feet.

One of a Kind

This year’s FLIBS is truly unlike any other: notably less crowds, but with a healthy dose of serious buyers.