Woodbridge Sells Wing Inflatables to Armada

MarineLink.com
Thursday, July 11, 2013

Woodbridge International announced the sale of its client, Arcata, California-based Wing Inflatables, Inc. to Armada Acquisition Group of San Francisco, California.


Wing Inflatables is a supplier of tubes, sponsons, and foam collars to the high-end inflatable boat and rigid inflatable boat market. Wing has recently designed and is launching a family of entirely new inflatable boats and accessories geared to the military Special Forces market.


"Our new combat raiding crafts, the P4.7 and P5.8, brings Wing into new markets and into a new level of growth," said Elizabeth Wing, vice president of Wing Inflatables. "The time was right to bring in new resources that can help manage the growth, not only domestically but worldwide. Armada's level of energy and enthusiasm combined with their success in growing companies in the past has convinced us that Armada is the best partner for us at this time."

 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

Great Lakes Shipyard to Build Guatemalan Harbor Tug

U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for

BAE Systems Welcomes Record Number of Paid Interns

More than 140 university students from across the country are being given a unique insight into working life at BAE Systems, as part of the company’s 12-week summer internship program.

Mergers & Acquisitions

Hapag-Lloyd Continues on Path for Profits

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue

NYK Mulls Ownership of Canola Oil Venture

NYK has concluded a contract with United Green for partial ownership of a canola flower field along the Sanriku shoreline, an area that suffered extensive damage

Anglo-Eastern and Univan Set Sail Together: Largest Ever Ship Management Merger

There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement,

 
 
Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.6486 sec (2 req/sec)