Yacht Equipment Supplier, Lewmar, Sells Rigging Division

Press Release
Sunday, May 05, 2013

Lewmar has sold Navtec in a private deal with Navtec Rigging Solutions Inc.

The sale includes both the US operation and Navtec Süd, a smaller manufacturing and service centre based in France.

Lewmar's CEO Peter Tierney commented, "The rigging business operates very differently to our primary market. The sale of Navtec will allow full focus to be put on our core competency of providing quality deck hardware through our well established distribution and OEM channels."

Allen Goddu, owner of Navtec Rigging Solutions Inc, is also President of Impact Alloys, who are a long-term supplier of raw materials to Navtec. who considers that the deal represents a natural progression in the aim of increasing vertical integration within the business.

Lewmar Ltd. and Lewmar North Europe will remain as Navtec distributors, supplying product and service to their existing customers in the UK and across Europe, as well as handling superyacht project requirements.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Volvo Penta Names Brown Commercial Marine Sales Director

Dave Brown has joined Volvo Penta of the Americas as director of commercial marine sales.   In this new position, Brown will provide strategic and administrative

Yachts

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

Blohm+Voss Strengthens Team

Blohm+Voss has appointed Jean-Gabriel Tridon as General Manager and Dieter Pladeck as Finance Director for its new maintenance and refit facility in La Ciotat in the south of France.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0783 sec (13 req/sec)