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Correct Craft acquires Indmar
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Correct Craft acquires Indmar
Mikes Liquid Audio: Knowledge Experience Customer Service you can trust-KICKER WetSounds ACME props FlyHigh Custom Ballast Clarion LiquidLumens LEDs Roswell Wave Deflector And MoreTags: None
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MC is Illmar and Illmar seems to be exclusive to MC as far as marine engine go. at least in terms of wake boats. Bu now has their own engine facility. However, Tige/ATX, MB and Moomba/Supra, Sanger and Gekko wakeboats all use the Indmar Raptor powerplants. Is CC going to move forward status quo? Raise prices to their competitors? Not renew contracts?Mikes Liquid Audio: Knowledge Experience Customer Service you can trust-KICKER WetSounds ACME props FlyHigh Custom Ballast Clarion LiquidLumens LEDs Roswell Wave Deflector And More
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PCM is owned by Correct Craft as well
I'd say that they would definitely looking to turn to Marine Power or KEM for engines but I don't think those companies can support the volume of engines that the manufacturers need let alone support the product via warranty on the backend.
Being that all the brands currently using Indmar aren't publicly traded/held I'm sure the only real incentive to finding another souce for engines would be to not put money into theirs competitors pockets.
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CC paid Very well for Indmar and the credibility the name brings with it. It is an easy way to have a Ford based product without compromising the PCM name. Most retail customers have no clue who makes the engine in their boat let alone who the parent company is. CC bought the company to make money, not force the market to go to PCM. However, I do not like the consolidation of any market into just a few big players. I don’t think it is good for the consumer.
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My prediction is there will be minimal felt recoil from this deal. CC business folks recognize they have an opportunity to profit every time an inboard of any brand is sold. This investment is a big coin toss for CC considering the fact that manufacturers could flip to another supplier, electric, diesel, etc. and CC will likely continue supplying everyone motors and taking a modest scoop off the top. Marketing & sales folks will tell potential CC customers they will be the priority if parts or service issues arise but otherwise the short-term impact will be minimal. Long-term, CC increases profitability supplying parts, training, etc. and that is where the profit margin grows.
This could put slight pressure on manufacturers to look at hybrid or electric powerplant options slightly quicker than planned.
I would not be surprised if Toyota made an Epic re-entry into the market with a Yanmar hybrid or hydrogen offering.
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Originally posted by freeheel4life View PostPCM is owned by Correct Craft as well
I'd say that they would definitely looking to turn to Marine Power or KEM for engines but I don't think those companies can support the volume of engines that the manufacturers need let alone support the product via warranty on the backend.
Being that all the brands currently using Indmar aren't publicly traded/held I'm sure the only real incentive to finding another souce for engines would be to not put money into theirs competitors pockets.
Germaine Marine
"A proud dealer of Tige, Supra, Moomba and ATX performance boats"
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