Brothers buy Caravelle Powerboats

Author:: Trade Only Today Editors
Publish date:: Nov 12, 2010
Social count:: 0

Caravelle Powerboats is under new ownership.

Eugene and Duane Sak of Florence, Ala., who own and operate business units that include elevators and metal fabrication, added Americus, Ga.-based Caravelle to their portfolio.

Terms of the deal were not disclosed. The new owners took control of the company Tuesday.

The Sak brothers, who are dedicated to the dealer-distribution model, will focus on smaller inboard 18-23-foot models, they said in a statement.

"While overpriced boats are struggling in the marketplace, Caravelle can happily deliver," Eugene Sak said about the decision to purchase the company.

Caravelle Powerboats has built small-craft sterndrive recreational boats since 1966.

Click here for the full release.

Chaparral

Chaparral and Robalo boats parent company Marine Products Corp. saw net sales in the first quarter increase 9.1 percent to $77.5 million, the result of selling larger boats than in 2017.

Fort Lauderdale International Boat Show

NBC Sports Group will cover the 59th annual Fort Lauderdale International Boat Show this December on NBCSN, the first in a three-year agreement.

NMMA

New powerboat registrations through February were up 4 percent on a rolling 12-month year-over-year basis, and boats 27 feet and above rose 11.1 percent.

BoatUS

The BoatUS Foundation is asking marinas, boat and fishing clubs and waterfront businesses to become sites to loan life jackets to kids.

Other

Hydra-Sports Custom has changed its name to HCB Center Console Yachts to better reflect the company’s five-year strategic plan.

Evinrude

Evinrude employees took part in the 23rd Annual Milwaukee Riverkeeper Spring Cleanup as part of the company’s Earth Day celebration on Saturday.

Access

Brunswick Corp.-owned Crestliner boats is launching a new program designed to nurture high school and college-aged anglers’ passion for fishing and guide them toward higher education and careers related to the sport.

Classifieds

Letters from the Editor

I entered the industry through a side door — with a fishing pole in hand.

Brothers buy Caravelle Powerboats

Marine Products Corp. posts gains in Q1

Fort Lauderdale show will be broadcast on national sports network

Powerboat registrations up in February

BoatUS Foundation seeks new life jacket loaner locations

HCB re-brands for 2019 model year

Evinrude employees participate in Milwaukee cleanup

Crestliner program targets student anglers

Molds for Sale-Typhoon Boat Works

Good Times, Changing times