Boatbuilding family goes back to the basics

Article Abstract:

Charleston, SC-based Sea Fox Boats is owned by third-generation Renkens whose grandfather, Walter Renken, started the family boatbuilding heritage in the 1950s. Fred and his brother Ed Renken founded their own company, called Legacy Boats, when their father, Carl, sold Renken Boats in 1995. They have changed the company's name to Sea Fox Boats due to a trademark dispute with Legacy Yachts. The company built 80 boats in 1995 and 1,300 in 1999, representing a 1,625% unit growth and 2,471% sales growth.

Sea Fox Boats

---

Palmer Johnson deal finalized; changes under way

Article Abstract:

Andrew McKelvey has officially become the majority stockholder of Palmer Johnson Yachts of Sturgeon Bay, WI, three months after signing a letter of intent to buy the boatmaker in Aug 2000. McKelvey is also the founder and majority stockholder of TMP Worldwide, a New York City-based executive search firm. McKelvey has appointed Phil Friedman as CEO of Palmer Johnson but the former would continue to have a key role in formulating the company's long-term strategic plan.

Cabin Cruisers, Boating industry, Palmer Johnson Yachts

---

MAC is on the move in the accessories market

Article Abstract:

Marine Accessories Corp has become a major player in boat tops and is moving to expand its presence into other sectors of the marine accessories market. Founded in Oct 1998, the company already owns five firms and just completed a transaction on its sixth purchase. These include three boat canvas top makers, an aluminum tower builder, a manufacturer of fishing and boating accessories, and a wakeboard arch builder.

Marine Accessories Corp.

Similar abstracts:

• Abstracts: To brink of chaos ... Jacobs says the OMC bankruptcy could have destabilized the industry for 5 to 10 years. DaimlerChrysler to buy Detroit Diesel
• Abstracts: Britain's Royal Mail eyes U.S. to expand global operations. USPS outlines wide changes to delivery network. FedEx debuts global trade services firm
• Abstracts: SmartReminders to start Chinese edition. MAPS deal reached; Harris up next. Dot-coms spend $640M on print ads
• Abstracts: Bellport Group, Bellingham dissolve their partnership. Polaris says record sales offset litigation loss in '98
• Abstracts: Now is the time to act on MACT. Dealer contract guides: so near but yet so far.... Lawmakers extend freeze on CAFE standards

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.