Boating Business July 2019

Page 1

boatingbusiness.com

JULY 2019

Washington Post 4 | Person Behind The Face 4 | Marketing 9 | Business Matters 10 | Brexit 10 | Profile 29 | People 30

BEAULIEU RIVER INVESTMENT Buckler's Hard Yacht Harbour is planning a £2m investment to extend the Beaulieu River marina. The redevelopment is aimed at securing the marina's future as a desired location, while keeping pace with modern demands for bigger berths and offering more convenient walk-ashore pontoons. Marina Projects has been appointed by the Beaulieu Estate (Beaulieu Enterprises Ltd – BEL) to provide advice on the redevelopment. Within the redevelopment, around 60 additional berths will be provided. “The initial scope of work included analysis of the local and wider market, historic activity trends, a detailed review of the site constraints, development of concept design options and the development of the business case,” explained Marina Projects MD Mike Ward.

NEWS

Safety improvements METSTRADE expansion Environmental award pages 1-9

SEAWORK REVIEW

COMPLEX CONSENTS “Careful consideration of the consent strategy was necessary because of a complex consent regime, extensive and sensitive habitats and the fact that the marina sits within the New Forest National Park.” Russell Bowman BEL MD added: “We are investing in the future of the marina whilst seeking to reconfigure the facility and offer increased availability of walk-ashore berths and an enhanced level of customer service. It is imperative to us that

8 Beaulieu River’s marina is to have a £2m investment

we preserve the character which makes Buckler's Hard Yacht Harbour so special.” Planning permission has now been granted together with a marine licence required to deliver the works. Buckler's Hard Yacht Harbour was opened in 1971 and has remained largely unchanged since 1980.

The buzz of big business being done pages 12-15

ENGINES & PROPULSION

LCI TO BUY LEWMAR MARINE

Photo: Lewmar Marine

Lewmar Marine is to be bought by US-based Lippert Components after the board of directors agreed to a cash offer of £33.29m. The offer from LCI, of which Lippert Components is a subsidiary, has the backing of shareholders holding four fifths of the company's shares, but is yet to be formally agreed by all shareholders and the Scottish court. Peter Tierney, Lewmar MD, said the deal is the best option

D URE ACT UK NUF , MA IN THE D E ED IGN DES D TEST AN

for Lewmar and its employees. “The acquisition fairly reflects Lewmar's current market position and prospects and, as such, Lewmar shareholders should be given the opportunity to realise value from this acquisition,” he said. Founded in 1946, Lewmar Marine is a world-wide supplier of leisure marine equipment for yachts, sailboats and powerboats. This will be the company's second stint under American ownership; it was previously part of International Marine Industries in the 1980s and still has a strong US presence with a sales and distribution facility in Connecticut. LCI operates across more than 65 facilities located in the US, Canada, Italy, Ireland and the UK with annual sales of US$2.5bn in 2018. Once the acquisition is finalised, Peter Tierney will continue to head up the business from its headquarters in Havant in the UK and will also take on added managerial responsibility for Trend Marine Products which LCI acquired last year when it bought the Taylor Made Group. 8 LCI has made a cash offer for Lewmar Marine

100kW electric motor Modular propeller Minimal weight pages 16-23

MAST, SAILS, SPARS AND RIGGING

Patented flexing spring Racier looking sailcloth Electric sailing pages 24-28

Become an official stockist FOR MORE INFORMATION EMAIL SALES@ENGLISHBRAIDS.COM OR RING 01684 892222


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.