Sak Marine acquires boatbuilder

Author:
Updated:
Original:

Key Largo Sportfishing Boats announced Thursday that it is under new ownership — Sak Marine.

Sak, of Florence, Ala., owns Caravelle Powerboats, Interceptor Performance Boats and SeaHawk Sportfishing Boats. Terms of the deal were not released.

“We appreciate that overpriced boats are struggling in the marketplace, and like our Caravelle boat model line Key Largo can now happily deliver a great price,” Eugene Sak said in a statement about why his company chose to make the acquisition.

New ownership went into effect June 21, and the Sak brothers said they wasted no time bringing the brand, which had limited production since March, back to production. Sak Marine expects Key Largo to begin shipments of 2012 boats as soon as Aug. 15.

Related

A Modern Twist on Word of Mouth

The supercharged power of user-generated content.

One Follows the Other

Will we see an economic shot in the arm this year?

When Leadership Needs to Make a Change

Business lessons from the America’s Cup.

One Big Way to Get Results

How to develop an effective company culture.

Delivering for the Industry

NMMA updates its advocacy agenda.

Success Strategies

Capitalizing on Americans’ interest in the outdoors.

Q&A with Huw Bower

Huw Bower, the president of Winnebago Outdoors, takes our questions.

‘If You Cannot Sell Boats, You Need a New Hobby’

A vast majority of dealers reported retail growth in January.