All articles by Tony Esposito – Page 75
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NewsFoulkes: Brunswick ‘pure play’ strategy in place
Five months into his tenure as CEO of Brunswick Corp, David Foulkes calls it a “privilege to have a job like this.” Admitting that he took over at a time when the marine segments of the business “are literally and figuratively firing on all cylinders,” Foulkes told IBI that the ...
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New York City gets first marina in 50 years
The first new marina in 50 years has opened in New York city’s Brooklyn Bridge Park at the mouth of the East River. The US$28 million project is being developed and managed by Singapore-based SUTL. ONE°15 Brooklyn Marina will have space for 100 boats from 30ft-200ft and include the ...
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KAM Marine acquires Northport Bay Boat Yard
KAM Marine is broadening its reach in the upper mid-West US with the purchase of Northport Bay Boat Yard on Lake Michigan’s Grand Traverse Bay.
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NewsAppointments at Power Products, Land ‘N’ Sea
Power Products and Land ‘N’ Sea are important businesses in the Brunswick portfolio
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NewsDrees: perfectly positioned for Mercury presidency
One month into his role as president of Mercury Marine, Chris Drees reports the transition is going smooth thanks to the team and his tenure with the company.
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NewsBrunswick to sell Life Fitness division
In a move to solidify its position as a pure marine company, Brunswick Corp announced it has entered an agreement with the private investment firm KPS Capital Partner LP for the sale of its Fitness division for US$490m.
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NewsCanada’s tariff concession just part of the plan
The Canadian government’s lifting of retaliatory tariffs on boats manufactured in the US was welcomed and appreciated by both countries’ boating industries, but it was no accident according to one official involved in the process.
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NewsMercury Marine breaks ground on US$17m propeller expansion
Mercury Marine has broken ground on a 30,000sq ft, US$17m addition to its propeller casting facility in Fond du Lac, Wisconsin that will nearly double the current capacity for stainless steel propeller production.
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Greece begins proposal process for sale of marinas on Mykonos and Rhodes
Two concession opportunities are expected to draw wide interest
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NewsA US vessel Turn-In Program is gaining momentum
The State of Texas is trying to combat a growing trend in the US and abroad: the number of derelict boats being abandoned along roadways, on vacant land, or worse, moored or scuttled on the water. The Vessel Turn-In Program (VTIP) is designed to stop the problem before it is ...
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US senator links end to aluminium & steel tariffs to passage of USMCA
Charles Grassley calls for the end to the Section 232 aluminium and steel tariffs targeting Mexico and Canada
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Bass Cat Boats signs East Asian distributor
Showa Denki Group Marine named as exclusive distributor in Japan, Thailand, Taiwan and South Korea
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Bermuda eyeing private boat licenses?
Local ship captain’s campaign for formal licensing of recreational boaters gaining momentum
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NewsUS Treasury Secretary: negotiations with China in “final lap”
Deal could be reached by end of June
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Brunswick drops 11% following earnings news
Financial performance from Brunswick’s largest retailer may have contributed to the sell-of
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US powerboat registrations up through February
Tow boats and PWC registrations lead the pack while larger boats make solid gains
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NewsDerecktor announces big plans for megayacht yard
Plans for first US facility designed and built for vessels over 60 meters and hosting the world’s largest boat lift
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NewsBrunswick reports “strong results” in Q1
Engine sales help drive robust growth despite Brunswick’s exit from sport yacht market
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NewsMarineMax Q2 up 12%
For the six-months ended March 31, 2019, revenue increased approximately 8%
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