SEI Marine Products completed its phase two outboard project, the company announced.
SEI expanded its outboard lower-unit product range to include most 3- and 4-cylinder outboard applications.
"In a time when most marine companies are downsizing, we are proud to be expanding our product line," general manager Justin Webb said in a statement.
Oldsmar, Fla.-based SEI is a leading supplier of aftermarket sterndrives and outboard lower units.
The parent of The Moorings, Sunsail and Footloose said the “unprecedented investment” went to buying new boats and upgrading its base network infrastructure.
A company source said a serious investor has emerged as a potential buyer for the Dutch superyacht builder.
The Boating Infrastructure Grants program awarded $20.6 million for projects that get and keep people on the water.
Moonen Yachts was owned by a Mexican steel company accused of money laundering.
United Yacht Sales said sales were up 26 percent compared to the same period a year earlier.
Marco Segato previously was vice president of sales for the Italian builder’s U.S. division.
