All articles by Arlene Sloan – Page 12
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NewsBoating companies among Forbes Top 10 employers
The industry’s largest boatbuilder also been named by Forbes to the 2021 list of America’s Best Large Employers. From the thousands of companies that were considered for this honor, only 500 made the final list. Brunswick Corporation is ranked Number 10 overall and Number 1 ...
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NewsSuper Bowl spotlight on boating
Boating got a boost during the 55th airing of the Super Bowl – the championship game of America’s National Football League and one of the most watched events on US television. Taking a one minute slot during the show, outdoor specialist retailer Bass Pro Shops aired its first ever commercial ...
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NewsGrand Banks logs revenue and profit gains
Despite Covid-related challenges, luxury motoryacht builder Grand Banks Yachts closed out the first half of its fiscal year ending 31 December with increases in revenue, profit and new orders.
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NewsDometic continues shift towards aftermarket; stock trading at record high
In 2020, Swedish equipment maker Dometic extended its reach in consumer channels and expanded to new markets focused on the outdoors; a new acquisition kick-starts 2021… with more M&A to come
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NewsVolvo Penta saw rebound in Q4 sales & larger yacht sector
Volvo Group’s marine engine business reported an 11% drop in net sales for 2020, but saw a recovery in the leisure marine market take hold in Q3 and carry into Q4
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NewsFountaine-Pajot introduces new models and 2024 strategy
French sailboat and catamaran builder, the Fountaine-Pajot Group, hosted an online press conference yesterday to launch two new Dufour models and unveil more details about the new FP 51 sailing catamaran; the company’s new investment strategy was also revealed including plans to introduce a carbon-neutral boat by 2030 and €33 ...
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NewsBrunswick sees strong growth and M&A activity for 2021
Questions about capacity, volumes, earnings, acquisition opportunities and channel expansions were answered in today’s call with analysts; boat production expected to hit 40,000 units by 2022
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NewsAround the world in 80 days, and a sprint to the finish
After 80 days of racing around the world – across more than 28,600 miles and every type of weather imaginable – five of the sailors in the Vendée Globe are within 200 miles of the finish line at Les Sables d’Olonne, France where they departed on November 8. (See ...
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NewsGrand Banks temporarily halts work due to Covid
The luxury motorboat builder Grand Banks has halted operations at its yard in Malaysia after an outbreak of Covid infections
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NewsHanse overcomes Covid outbreak; announces record order book
The order book at the end of December 2020 was 62.5% higher than a year earlier
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NewsGlobal boat demand drives expansion and job growth at Brunswick
The boating industry’s largest player, Brunswick Corporation, is undertaking substantial expansion in the US, Mexico and Portugal to respond to unprecedented demand for new boats
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NewsSunseeker’s largest distributor poised for a solid 2021
David Lewis, Managing Director of Sunseeker London Ltd – the largest single distributor network for Sunseeker worldwide - comments on the Group’s 2020 results and outlook for 2021, including yesterday’s cancellation of boot Düsseldorf
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NewsSunseeker posts 2019 gains
Financial accounts for UK boatbuilder Sunseeker International filed this week show the builder doubled its profits on a modest gain in revenues in 2019; significant financial restructuring will allow the company to carry forward with a launch plan to extend its range to 20 models.
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NewsOne big Miami boat show; new locations
Curious about the site locations for the new combined Miami International Boat Show in 2022? IBI’s map puts the in-water venues and Convention Center location in perspective.
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NewsTurkish trade group takes action to force postponement of Eurasia Boat Show
The Yacht and Boat Industry Association of Turkey (YATED) is seeking a court order to prevent the Istanbul exhibition from taking place in February
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NewsAkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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NewsTeledyne to acquire FLIR Systems
Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine
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NewsLippert acquires boat seating business
US-based Lippert Components expanded its holdings in the marine sector with third acquisition in 2020
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsFountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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