IBI
INTERNATIONAL BOAT INDUSTRY
  the business of boating
Home
Subscribe to IBI
Subscribe to
digital edition
News
Latest Issue
Job Search
News briefings
Country Reports
Key Market facts
Business report links
Enquiry Service
Product Showcase
World sailboat
production estimates
IBI Market Surveys
IBI Article Index
Companies & Products
Boat Show Calendar
Boating Media Guide
Yacht Designers Guide
Advertising
About Us
Visit European
Boatbuilder
Visit ybw.com







 

Tasman Catamarans acquired by Seawind Catamarans

By IBI Magazine

Queensland-based Tasman Catamarans has been pulled from liquidation by Wollongong's Seawind Catamarans for an undisclosed amount. Tasman Catamarans business went into voluntary administration last month, according to a story on www.goldcoast.com.au. But the news service noted production was continuing as usual in Tasman's Nerang factory. Four boats are under construction.

Seawind managing director Richard Ward told the news service the takeover would not result in any job losses. "In fact, we're looking to recruit in 2008 and we're definitely looking at good management for the group," he said. Ward said that none of the former Tasman directors, including major shareholder and former managing director Justin Coghlan, are part of the new management team.

Ward said he hoped to increase production from eight to 12 boats per year to about 20.

Before the acquisition, Seawind employed 80 people in two facilities, including its 60,000sq ft factory in Bellambi in Wollongong and a new factory of 12,000sq ft in Nowra. Ward said the Tasman catamarans were "very complementary" to Seawind designs. "This is an expansionary move for us and, for the first time, we will have a manufacturing facility in the rapid expanding marine industry on the Gold Coast," said Ward.

(17 December 2007)


IBI digital services

Beat postal delays and subscribe to IBI's new digital edition of the magazine with searchable text and live hyperlinks. More information here.

To subscribe to IBI's free daily email news headlines follow this link.



Latest stories from IBInews

Brunswick to shut down Sea Ray facility
Production from the Riverview plant will be transferred to other facilities in the US and Mexico
Boaters and environmental groups sue US EPA over Chesapeake Bay water quality
Chesapeake Bay Foundation, Maryland Saltwater Sportsman's Association and other boating groups say the federal agency has not lived up to promises to clean the Bay
Furrion names new vice president
Mark Curry, Furrion's sales manager for North America, has been promoted to the role of vice president

 

 

 

©International Boat Industry IBI
Read our Terms and Conditions here| Privacy Policy

Trust UK logo DMA logo