Canadian conglomerate BRP has purchased 80 pert cent of the shares in leading Australian aluminium leisure craft and trailer builder, Telwater Pty Ltd.
BRP Marine, which owns the Evinrude, Alumacraft and Manitou brands, will increase its global reach by buying Australia’s number one builder of aluminum boats from owner, Paul Phelan.
Phelan, Telwater’s managing director, will continue to play an important role in the operations of the business and will hold 20 per cent of the company’s shares.
Phelan said: “We are excited to start this new chapter of our journey by joining forces with a global leader like BRP.
“This acquisition means we can continue our growth here and abroad, and leverage BRP’s know-how and capacity to constantly innovate.”
Coomera-based Telwater makes more than 8,000 boats and 5,000 trailers annually, employing 270.
Its brands Quintrex, Stacer, Savage and Yellowfin Plate are up to seven metres long, and sold through 180 dealers in Australia, Asia, Russia and the South Pacific.
Picture: BRP/Telwater Freestyler/Coomera factory
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