Skip to main content

Marine hose supplier acquired

FederalHoseAcquisition

Federal Hose Manufacturing acquired Marine Products International of Eastlake, Ohio, for an undisclosed sum. A statement noted that the provider of rubber and plastic hoses to the marine industry will continue to operate under the MPI name. Federal Hose is an operating company owned by Crawford United Corp.

The acquisition is expected to add approximately $18 million in annual sales to the industrial hose business segment of Crawford United and be immediately accretive to earnings, said the statement.

Related

9_BREAKFAST

ABC 2022: A Full Schedule

The second day of the American Boating Congress included awards presentations, Capitol Hill sessions with lawmakers, an economic report, a state-of-the-industry address and statements from NMMA lobbyists.

1_GASPRICES

Gas Prices Soar to Record Highs

Oil supply concerns have lifted the average U.S. price of regular unleaded gasoline to $4.432 per gallon, according to AAA.

1_SEARAYWOMEN

All-Women Team Designs New Sea Ray

Parent company Brunswick Corp. said the achievement highlights its successes in promoting diversity in the marine workforce.

norm

Get Out Ahead of E15 Misfueling

With 15 percent ethanol-blended gasoline approved for summer use, “it’s déjà vu all over again.” Meanwhile, MRAA is offering a wealth of resources for dealers to get into the preowned market.

1_ABC

ABC Gets Underway in Washington, D.C.

The American Boating Congress opened yesterday, and NMMA outlined four pieces of legislation that are its top advocacy initiatives.

1_BENETEAUEARNS

Beneteau Reports Higher Boat Revenue, Flat Outlook

The builder said boat sales rose in the first quarter, with North American sales outperforming, but it did not change its full-year guidance.