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FYI: January 2002 Page 2

FYI - January 2002 continued
FYI — January 2002
By Brad Dunn
   
 
 More of this Feature
• Part 1: Flag, On Shelves, and more
• Part 2: Hatteras, MOAA, Speed Demon, and more

 Related Resources
• News/FYI Index

 Elsewhere on the Web
• Hatteras
• MOAA
 

Hatteras Changes Hands
The Brunswick Corp. has bought Hatteras Yachts from Genmar Industries for about $80 million in cash. According to statements released by the companies, the agreement contains provisions for an additional payment of up to $20 million if Hatteras achieves specified financial growth targets during the next 20 months.

“Hatteras is the premiere U.S. manufacturer of luxury sportfishing convertibles and motoryachts in the 50- to 100-foot range,” says Brunswick chief George W. Buckley. “This acquisition will allow us to meet the needs of our boating customers who desire to move up in size and luxury.”

Buckley adds that there is no overlap in the product lines of other Brunswick builders Sea Ray, Bayliner, and Maxum. Hatteras will remain headquartered at its New Bern, North Carolina, facility and continue production of its 15 models.

Mark your boating calendar:
On August 10 the first National Marina Day will be celebrated at a marina near you. The Marine Operators Association of America (MOAA) has launched the new event to honor both the history and the future of marinas across the country. "In 1928 the word marina was used for the first time by the National Association of Engine and Boat Manufacturers to define a recreational boating facility," says Mildred Walker, vice president of MOAA. "Since then marinas have become an integral part of American life."

In March MOAA will kick off the National Marina Day campaign and encourage marinas to use local flavor in planning their own celebrations so that they avoid an industry-wide "cookie-cutter" event. If you have any ideas for your own nearby marina, contact MOAA at (202) 721-1630.

Speed Demon
The 800-mile water route from Monte Carlo, Monaco, to the Tower Bridge in London was completed in the fastest time ever when a 79-footer beat the previous record by more than 24 hours. Powered by four 1,480-hp DDC-MTU 2000 Series engines, the Italian-built FB80 Record averaged 38 mph during the run and made it to London in just under 64 hours. An eight-member crew, which included the boat’s designer, Fabio Buzzi, worked around the clock to navigate the course–through 13-foot seas at one point.

Record is now looking to smash other records as well. Her sights are set for the Chapman Trophy, which honors the fastest run between Miami and New York.

Got an interesting boating story for this column? Write to FYI, Power & Motoryacht, 260 Madison Ave., 8th Fl., New York, NY 10016. Fax: (917) 256-2282. e-mail: jdetz@primediasi.com. No phone calls, please.

Previous page > Flag, and more > Page 1, 2

This article originally appeared in the June 2003 issue of Power & Motoryacht magazine.

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