Aug 6, 2019

BRP Acquires TelwaterOn August 1st, BRP (TSX:DOO; NASDAQ:DOOO), announced the completion of the previously-announced acquisition of 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"), Australia's leading manufacturer of aluminum boats and trailers. 

As BRP’s third boat acquisition, Telwater’s addition to the Marine Group is another step in helping create a strong offering and foundation to expand into new markets, with the objective of transforming the marine industry as it did for powersports. 

"We are extremely pleased to welcome Telwater employees in the BRP family. This first acquisition for the Marine Group outside the United States is another milestone in our plan to become a global leader in this industry," mentioned José Boisjoli, President and CEO of BRP. 

The Telwater commitment to excellence and its reputation for reliability complement perfectly BRP’s state-of-the-art manufacturing expertise and innovation. This acquisition brings the BRP Marine Group one step closer in its quest to becoming a leader in the boating industry, building and integrating boats and engines to give consumers an unparalleled experience on the water. 

For additional information on Telwater, visit telwater.com.

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HOURSTON GLASCRAFT LTD.

 

Hourston Glascraft at Port Hardy Government DockThe world’s oldest continuously operating fibreglass boatbuilding company is Hourston Glascraft in North Vancouver. 

Charles ‘Chuck’ Hourston was born in Vancouver, BC in 1923. He attended Vancouver Technical School before serving in the Canadian Army during the Second World War. He was an avid hockey player and played for the Army. After the War, in 1948, he worked for Hamish Davidson (Davidson Manufacturing Ltd.) building Sabot sailboats. Davidson experimented early with the new technology of fibreglass in boat construction, and Hourston taught himself the art of building hulls with this material. His first boat was a dinghy.

Read more about Hourston Glascraft Ltd................

 

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