Correct Craft Plans Expansions

Author:
Publish date:
1_CorrectCraft

Correct Craft announced a number of moves to increase production capacity and give its model lines more room for growth.

The company said in a statement that it purchased a 300,000-square-foot facility adjacent to its Orlando, Fla., Nautique headquarters and plans to move its upholstery, machine shop, marketing services, final detail and shipping departments to the new site.

2_CorrectCraft_Supreme

In addition, Watershed Innovation — whose Ingenity division last year conceived the first all-electric Super Air Nautique GS22E — will utilize the new space to continue to develop disruptive technology.

“We have begun executing a significant scaling plan for Ingenity electric boats,” Correct Craft CEO Bill Yeargin told Trade Only Today. “2021 will be a breakout year for Ingenity. … We are significantly increasing electric-boat production, which will also be done at this new Florida facility.”

Additionally, Correct Craft said it will move the Supreme Boats operations from its shared location (with Centurion) in Merced, Calif., to a 160,000-square-foot site in Valdosta, Ga. The company said the new location taps into local boatbuilding professionals — it is the former Regal Boats site — and is already set up for building boats.

3_CorrectCraft_ingenity_2021_super_air_nautique_gs_22_e-69

Centurion will remain in California, which gives both brands the ability to increase production.

“We are very excited about the growth opportunity this new Supreme Boats factory in Georgia brings to both of our brands,” Centurion and Supreme president Paul Singer said in a statement. “It will give the Supreme brand a phenomenal opportunity for accelerated growth with its own production facility.”

Yeargin said more growth will follow.

“Starting the new year with two major expansions is exciting for our team,” he said. “These expansions are exciting news for not only our team, but also the scores of dealers who have been asking our team for additional product.”

Related

STAR BRITE DEBUTS NEW MARINE DESCALING FLUID

Star brite introduces Marine Descaling Fluid—a powerful, easy way to descale raw water-cooled systems using recirculation. It saves time, energy, and a lot of headache, allowing for a faster, cost-effective return-to-service for equipment.

NAW Elects 2021 Officers

Michael Medart of Medart Engine and Marine takes the helm as chairman of the National Association of Wholesaler-Distributors board.

Caterpillar Names Global Manager

Alex Berg will lead the manufacturer’s pleasure craft and yachting segment.

Nearly 320K Boats Sold in 2020

NMMA says new-boat sales are at their highest level in 12 years, with all powerboat segments up 8 to 22 percent.

‘Injection of Capital’ for Cox Powertrain

The British company said it will use the $16.7 million to expand operations and ramp up production of its CXO300 diesel outboard.

Groupe Beneteau Releases Preliminary 2020 Financials

Revenues were down 15.1 percent for the 16-month period that ended Dec. 31. A full report is due next month.

A Modern Twist on Word of Mouth

The supercharged power of user-generated content.