Provider of boating products has been acquired by Canadian marine equipment supplier

North America
10th March 2020

Provider of boating products has been acquired by Canadian marine equipment supplier

CMP Group acquires MarineTech, provider of boating products
Business Type: Manufacturer

CMP Group Ltd, with its HQ in Vancouver, has acquired Minnesota-based MarineTech Products Inc. With manufacturing operations in Canada, Italy, the US and China, CMP Group manufactures and distributes a range of marine products.

MarineTech is a long-standing provider of boating products sold under the Panther, TROLLMaster, EZ Steer, Navigator and Angler’s Pal brands and is a large provider of boating products for the recreational angling sector.

CMP president and CEO Don Hambly says the acquisition of MarineTech continues the company’s growth in the US while simultaneously strengthening its position in the leisure marine industry.

Mr Hambly commented:

MarineTech founder Larry Grundtner will remain with the combined entity to help ensure a smooth transition and continued success.

Mr Grundtner commented:

CMP Group has manufacturing operations in Canada, Italy, the USA and China and has a product range that extends from marine corrosion, dock products, anchoring solutions to steering and controls.

Founded in 2000, MarineTech started with a single proven product line, NAVIGATOR Engine mounted Electric Trolling Motors.

About CMP Group Ltd About MarineTech

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