Yanmar America announced it recently finalized its acquisition of Mastry Marine and Industrial Supply Inc.
Under its new name, Mastry Engine Center LLC, a Yanmar Company, it is now part of the Yanmar family.
“This is an important acquisition for us because it will help to ensure that Yanmar develops a stronger understanding of our marine and industrial customer needs,” Yanmar America president Ted Bregar said in a statement. “Mastry's expertise at understanding our customers' needs will help Yanmar expand the products and services we offer to our valued distributors and dealers throughout the Americas.”
Mastry is a 50-year-old family-owned business based in St. Petersburg, Fla. It specializes in diesel repowers, powertrain applications and complete diesel and gas solutions for both marine and industrial customers. The company supports a network of more than 140 authorized dealers in the southeastern United States and the Caribbean.
“I am pleased, and I know my father would be proud, that Mastry now is part of such a respected and recognized brand as Yanmar,” Mastry president Tino Mastry said in a statement. "We are bringing our experience to an already solid network of distributors and dealers in the Yanmar family.”
The current Mastry organization will remain in place and Tino Mastry will continue in his role as president.
The transaction was finalized Feb. 13. Terms of the deal were not released.