Springfield Marine buys interest in local company - Trade Only Today

Springfield Marine buys interest in local company

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Springfield Marine, a leading manufacturer of boat seats and seat hardware equipment, purchased an interest in Republic Inc., located in Springfield, Mo., the company announced.

Republic is a manufacturer of boat T-tops and leaning posts for OEM builders in the Midwest. Its facility has been supplying the marine industry for 20 years.

“The marine industry has seen a lot of companies change hands or close during these tough economic times in our country over the past several years. That is why joining forces with Republic Inc. makes sense — the synergies for both companies are very positive,” Springfield Marine director of sales and marketing Danny Sweeney said in a statement.

“The downturn in OEM new-boat production has made it hard to keep a full staff and achieve profits without changing,” Republic president Hugh Sutton added. “The relationship with Springfield Marine opens us up to new opportunities and helps with reduced materials costing.”

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