Yanmar has acquired Denmark-based Flexofold ApS, a manufacturer of low-drag folding propellers for sailboats and multihull yachts.
“Flexofold is a great company and we are pleased to announce that Flexofold is joining the Yanmar Group,” Yanmar Marine International president Shiori Nagata said in a statement. “Flexofold and Yanmar are both leaders and strong brands in their respective segments in the recreational marine industry. Together we will be able to further expand and strengthen our product offerings to sailboat builders, distributors and ultimately sailboat end users.”
Flexofold will continue to operate from Denmark, maintaining its distinct brand identity. Jack Skrydstrup, a navigator and founder of Flexofold, will remain with the company as a special adviser focusing on R&D and product development.
Skrydstrup, who started developing folding propellers after many years of experience in hydrodynamics, established Flexofold in 1992.
“We are very proud to join the Yanmar Group,” he said. “The strategic fit between Flexofold’s sailboat propellers and Yanmar’s recreational marine products, including their marine engines, is obvious. Moreover, we share the same entrepreneurial spirit, and being part of Yanmar is an excellent move for Flexofold to continue and accelerate its ambitions as a global premium sailboat propeller provider.”