Teleflex announced that last week it completed the previously announced sale of its subsidiary Telair International Inc.'s actuation business to TransDigm Group Inc.
The sale proceeds are approximately $94 million.
Actuation will be reflected as a discontinued operation in Teleflex's future consolidated financial statements, the company said.
Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.
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Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.
The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.
Forrest Ferrari has years of management, business development, IT and quality-assurance experience.
Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.
A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.
To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.
As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .
