Wednesday 10 April 2013

Lewmar sells Navtec Rigging Division


(Supply: Navtec) Lewmar has marketed Navtec in a personal offer with Navtec Rigging Options Inc. The sale involves both the US operation and Navtec Süd, a scaled-down production and provider centre based in France.

Allen Goddu, owner of Navtec Rigging Solutions Inc, is also here President of Influence Alloys, who are a extended-phrase provider of uncooked components to Navtec. This offer signifies a natural progression for the goal of growing vertical integration inside the business.

Lewmar's CEO Peter Tierney commented, "the rigging business operates quite differently to our principal marketplace. The sale of Navtec will let total emphasis to be set on our main competency of delivering top quality deck components by means of our properly recognized distribution and OEM channels."

Lewmar Ltd. and Lewmar North Europe will continue be ing as Navtec distributors, supplying item and services to their current clients in the British isles and throughout Europe, as well as managing Superyacht task specifications.

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