Schmitt & Ongaro adds warehouse in Europe

Author:
Publish date:
Social count:
0

Schmitt & Ongaro Marine Products president Tim Schmitt said the company recently established a warehouse just outside Amsterdam.

The company said the venture enables it to efficiently ship products to European boatbuilders, distributors, dealers and chandleries. It results in smaller inventory commitments from customers and quicker turns. The facility is already stocked and sales can be made in euros or U.S. dollars.

Schmitt & Ongaro is represented in Europe by International Manufacturers Direct Sales and a growing network of distributors.

“This warehouse demonstrates our long-term commitment to Europe,” Schmitt said in a statement. “Tony Robertshaw and Rene Kemperman with IMDS are excellent at creating European relationships and sales, and now we can better support them. As we continue to serve our existing customers we are poised for growth and seek distributors and dealers in open regions.”

Click here for the full release.

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.