Sept 18, 2018

MasterCraft MCBC Holdings, Inc. the parent entity of MasterCraft Boat Company, LLC (“MasterCraft”), and NauticStar, LLC (“NauticStar”), today announced that it has entered into a definitive agreement to acquire Crest Marine, LLC (“Crest”), a leading vertically integrated manufacturer of high-quality pontoon boats in the United States.

Terry McNew, MasterCraft’s President and Chief Executive Officer, commented, “We are very excited to welcome Crest to the MasterCraft Family. Crest is a well-respected, expertly built and uniquely positioned brand. The company’s pontoon boats provide us with additional product diversity and presence in the attractive pontoon segment, as well as further establishes MasterCraft in the outboard propulsion category, two of the fastest growing areas within the broader boating industry. With its vertically-integrated business model, Crest differentiates itself from its competitors, allowing it to better control pricing, and generate higher margins.

Concluded McNew, “The acquisition of Crest is the logical next step in our strategic plan to acquire profitable, growing, premium brands in fast-growing segments that further diversify our product portfolio. As a combined organization, we have the resources and experience to greatly expand Crest’s distribution after satisfying the demand from the existing dealer network. We look forward to working together to deliver profitable and sustainable market share growth, and driving efficiency in every area of our business.”

For further information please visit: http://www.mastercraft.com/

Featured Articles

  • Prev
ABYC is hosting free events which are perfect mini prep courses for the 2020 Marine ...
Previous IMI webinars included a review of the challenges faced by marinas and boaters as ...
The Maritime Museum of BC is pleased to announce that it will be launching the exhibit ...
Ben Pilon, CEO of Kingston Anchors and its parent company BPE Group of Companies (BPEGroup.ca) in ...
Earlier this month, NMMA Canada participated in a stakeholder consultation with the Ministry of ...
Managers of the world’s most popular racing sailboat class are seeking new builders to complement ...
The region’s largest fishing, hunting and outdoors events are returning to the Moncton Coliseum ...
With boatyards, backyards, marinas, and clubs now coming to life, spring commissioning time has ...
Following months of negotiations and meetings on the subject, Rick Layzell, CEO of Boating Ontario ...
The International Marine Institute (IMI), the training subsidiary of the Association of Marina ...

RETALIATORY TARIFFS ON US-MADE BOATS HAVE BEEN REMOVED

 

NMMA

RETALIATORY TARIFFS ON US-MADE BOATS HAVE BEEN REMOVED

NMMA Canada and the Canadian Marine Trades Associations have been advised by the Government of Canada that effective April 30, 2019, all retaliatory tariffs on U.S. recreational boats entering Canada have been removed, marking the most positive development for our industry since this concerning issue first emerged.

The Canadian Marine Trade Associations have been advised that earlier this week, the Canadian government approved the "Order Amending the United States Surtax Order (Other Goods),"

Read more about Retaliatory Tarriffs...

 

Marine Products

  • Prev
A walk through any marina tells the tale: boat owners have a lot of stuff and not enough places to ...
Fusion, a worldwide leader in marine audio entertainment, continues to build on the innovation ...
Glomex Marine Antennas debuts the world's first GPS antenna using internationally accepted ZigBee® ...
iNavX now provides access to Delius Klasing's detailed digital charts for ...
Yanmar has developed a new marine activity called the Wheeebo, based around the concept that anyone ...
With expectations of 24/7 connectivity, Glomex Marine Antennas' award-winning weBBoat 4G Plus ...
IMTRA, the leading manufacturer and importer of quality solutions and products for the marine, ...
FMC GlobalSat 4G/LTSAT™ is the fastest and most reliable marine wireless and satellite Internet ...
You can easily replace worn or damaged rub rail or upgrade your customer’s boats with TACO Marine ...
Grundéns, producer of foul weather gear, recently announced the expansion of its Deck-Boss footwear ...

People

  • Prev
George Armendariz, CEO of Groupe Beneteau Americas, announced today the appointment of Yannick ...
According to the Minneapolis Star Tribune on April 10 2019, Irwin Jacobs and his wife were found ...
Co2 Inflatables is pleased to announce that Jason Edwards, formerly of Grand/Gala Marine, will be ...
Marine electronics pioneer Darrell Lowrance, 80, passed away Saturday morning after suffering a ...
Extremely popular and well respected for leading the reemergence of Iconic Marine's three ...