June 25, 2018

Princecraft LogoPrincecraft has announced a $2 million dollar investment in production facilities. Princecraft has improved its market share in North America. With an overall growth in the pontoon market, Princecraft needed to make significant adjustments to meet the strong demand and continue its momentum. To increase its production capacity, Princecraft invested approximately $850,000 last year to improve welding operations at the Pontoon Boat plant and make other major adjustments.

Over the coming months, Princecraft will invest an additional $ 1.3 million to expand its existing facilities and improve operations. The projects will include redesigned production line layouts, new workstations, and upgraded equipment that incorporates advanced technologies.

Princecraft is committed to creating a better workplace through more efficient work methods and ongoing employee involvement. "For its many changes, Princecraft is inspired by the philosophies of Lean Manufacturing and Six Sigma, which aim to increase a company's performance by improving the overall quality of the product and the efficiency of its processes.”, explained Steve Langlais, President.

All of these changes and investments will result in new jobs and greater opportunities for Princecraft employees. "It is with great pride that Princecraft Boats has created 120 new jobs in the last 18 months, contributing to the economy of the region.” said Steve Langlais.

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Business valuations are an important tool for owners and leaders of privately-held companies. For example, if you are doing sophisticated tax planning, buying-out a business partner, or if an owner is going through a marital divorce, then a valuation may be highly prudent—if not legally required. However, business owners and leaders should avoid rushing to get a valuation in circumstances where the need is not clear.

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