Halmatic Acquires Cara Marine Limited
May 24, 2002
Halmatic, part of the VT Group, has acquired the Cara Marine Limited commercial craft designs and moulds. These will be added to its existing comprehensive range of workboats and related craft. Cara Marine will now concentrate on its strategy to build leisure craft. Although Halmatic supplies mouldings to the leisure boat market, it does not actively market designs or supply complete craft for this sector.
Halmatic Managing Director Mike Burnham commented: “It is difficult to combine the differing approaches demanded by commercial and leisure boat customers. This also has an impact on price and profitability. By concentrating on our respective strengths, Halmatic will add further to its product range in the commercial sector and Cara Marine will be able to focus much more effectively on its leisure business.
“The two companies also plan an on-going co-operation as we move into the separate market areas.”
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