Groupe Beneteau signs deal with LH-Finance

Groupe Beneteau said LH-Finance will provide a unique inventory financing solution for the boat brands in North America.
Author:
Updated:
Original:

Groupe Beneteau-Cadillac Operations, manufacturer of the powerboat brands Four Winns, Glastron, Scarab and Wellcraft, said it will launch a strategic partnership with LH-Finance at the Feb.16-20 Miami International Boat Show.

Groupe Beneteau said LH-Finance will provide a unique inventory financing solution for the boat brands in North America. The partnership continues a growing collaboration between the boatbuilder and the finance company.

“We are delighted to grow our relationship with LH-Finance with this advanced inventory financing solution for our American brands at the Miami International Boat Show; one of the most important events of the year for their businesses,” Groupe Beneteau Americas CEO George Armendariz said in a statement. “We anticipate that in the future, the partnership with LH-Finance will expand to introduce custom financing products, as well.”

“We are proud to advance our innovative collaboration with Groupe Beneteau by providing its popular boat brands with a state-of-the art inventory financing answer,” LH-Finance president and CEO Hervé Bonnet said. “Stay tuned for more to come.”

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.