Terms of the sale are undisclosed
Donovan Marine, the Louisiana-based international distributor of marine components and transportation equipment, has acquired Morgan Recreational Products in a deal with undisclosed terms.
Morgan Recreational Products was founded in 1973 by Scott Scudder, who left his job as a chemist for the Kodak company to start a business supplying independent marine dealers with accessories and services from a small facility in Fairport, New York.
Scudder moved the business twice, eventually relocating to a warehouse/distribution centre in Farmington, New York with a satellite office in Rockland, Maine. Today the company employs 35 people, many of who have been with Morgan Recreational since its inception.
Founded in 1950, Donovan Marine includes Skipper Engineered Products, ME Industries, Donovan Marine Propeller Service and 14 distribution centres around the US.
Morgan Recreational Products will continue to operate under that name.