May 14, 2019

Mercury Propeller Facility ExpansionMercury Marine, the world leader in marine propulsion and technology has officially broken ground on a new 30,000 square foot addition to its propeller casting facility.  When complete, Mercury’s propeller facilities total footprint will encompass 90,000 square feet. The expansion, which was officially announced during an event on May 3rd, will be at Mercury’s global headquarters in Fond du Lac, will allow the company to almost double its current output for stainless steel propellers.

In total, Mercury will invest $17 million dollars to expand the propeller facility which increases the company’s overall investment to more than 1.1 billion dollars since 2008. 

“The market growth in high horsepower 4-stroke outboards plus the market reception to Mercury’s new V6 and V8 outboards has driven an unprecedented increase in demand for stainless steel propellers,” said Dirk Bjornstad, Mercury Marine Propellers general manager.   “This capital expansion will align the propeller business with our increased growth as well as position the business to gain additional market share with new best in class propeller designs.”

Mercury remains the global leader in outboard and sterndrive propeller production, both in aluminum and stainless-steel production and product performance, producing more than 400 different propellers for a wide variety of boat applications.

“Growing our operations in Fond du Lac not only shows our commitment to our global customers but our commitment to growth in the community,” said Bjornstad. “This expansion will also allow us the opportunity to improve on our best-in-class sustainability at the plant.  Mercury consistently sets a new benchmark in energy and water consumption and both of those will be a major focus in our manufacturing processes.”

Breaking Ground

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Business ValuationsBy: Patrick Ungashick

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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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