North Carolina builder expands facility

Author:
Publish date:
DaedalusYachts

Daedalus Composites told Triangle Business Journal that it plans to expand its facility in Edenton, N.C. The builder of high-end carbon-fiber sailing catamarans received a $500,000 grant from the state of North Carolina, and Triangle Business Journal reported that the company is investing more than $1.1 million in the expansion.

Daedalus owner Michael Reardon said the company has 28 workers in North Carolina. It acquired Farrier Marine in New Zealand last August, which manufactures the F22 sailing multihull.

Reardon, previously with Seaway Group and Gunboat, plans to double the number of workers at the North Carolina facility. He plans to hire more builders and engineers. He started the Edenton facility two years ago.

“I had a very good client list and was looking for a place to settle down — good economy, good people, nice place and access to the water,” Reardon told TBJ. He plans to build high-end, composite boats at the facility.

“Generally, our clients are Fortune 500,” he says, adding that Google co-founder Larry Page is a past client.

Reardon's team is building an 88-foot catamaran. He describes the composite work on the yacht as “aerospace quality.” Reardon said boats in the Daedalus line start at $12 million.

Reardon co-founded the company with Stefan Muff, among those behind the technology for Google Maps. On its website, Daedalus says it is the “only serial manufacturer of carbon yachts over 60 feet in the U.S.A.” On its Facebook page, the company said it is building the world’s first hydrogen-powered yacht.

Related

Tommy’s Slalom Shop Adds Dealer

Boulder Boats has locations in Nevada, Arizona and California.

Trade Only Today Returns Tuesday

The daily e-newsletter will not publish Monday, Jan. 18, in observance of Martin Luther King Day.

Mercury and Crownline Make Supply Pact

Under the agreement, Mercury will be the exclusive outboard and sterndrive supplier for the boatbuilder.

Sea Tow Makes Executive Appointment

Thomas Spina, who has more than 25 years of maritime experience in a variety of roles, was named vice president of franchise operations.

Quick Hits: January 15, 2021

IBEX seeks proposals for session topics; Sensible Yacht Cordage changes hands

Godfrey Marine to Host Virtual Showcase

The event is to take place Jan. 23 and will include Godfrey pontoons and Hurricane deckboats.

Boat Shows Throttling Up

2021 is bringing a new paradigm to the winter boat show season.

Correct Craft Plans Expansions

The moves will allow additional growth for Nautique, Supreme, Ingenity and Watershed Innovation.