Larson Boats wins Minnesota leadership award - Trade Only Today

Larson Boats wins Minnesota leadership award

Author:
Publish date:

Larson Boats, part of J&D Acquisitions, was recently named "outstanding enterprise" by the Initiative Foundation.

Since 2000, the foundation has been presenting Initiative Awards honoring outstanding leadership and community service in central Minnesota.

Winners receive a specially commissioned, recycled-glass sculpture and $1,000 for the charity of their choice.

The foundation noted that Larson “has been an economic cornerstone and a symbol of Minnesota manufacturing for decades, but the economic recession impacted the recreational boat industry so deeply that it was on the brink of closing its doors. This would have been a crippling blow to the local economy, especially in the wake of the Crestliner and Triton Boat plant closings.”

In 2009, the foundation partnered with four other lenders to provide emergency financing that saved 170 quality jobs, it added.

“Today, the employees have led the company to a slow but steady turnaround by retooling its product lines and focusing on higher-end consumers,” the foundation said.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.