Marine Accessories Corporation

FOR IMMEDIATE RELEASE
September 1, 1999
 

 

MARINE ACCESSORIES CORPORATION SUBSIDIARY ACQUIRES TODD BOX MANAGEMENT, INC. d/b/a PIPE DREAMS

Combined Company Will Pursue Other Marine Industry Acquisitions

LA VERGNE, TN: Todd Box Management, Inc. d/b/a Pipe Dreams, a leading manufacturer of t-tops, half towers and wakeboard towers, today announced that it has been acquired by Great Lakes Boat Tower Co., a newly-formed subsidiary of Marine Accessories Corporation. The combined company will continue to pursue acquisitions and internal growth opportunities.

Marine Accessories Corporation was formed in October 1998 by Westland Industries, Inc., a Phoenix-based manufacturer of boat covers and bimini tops, and Prospect Partners, LLC, a Chicago-based private equity firm which manages a $105 million fund. In May 1999, Marine Accessories Corporation acquired Great Lakes Boat Top Co., Inc. of Vonore, TN, a leading manufacturer of OEM bimini tops, convertible tops and enclosures for pleasure boats.

D. Todd Box (34) has become President of Great Lakes Boat Tower Co. Mr. Box joins the Marine Accessories Corporation management team which includes Gary L. Stockford (50), CEO of Marine Accessories Corporation and James A. Wilson (41) President of Great Lakes Boat Top.

"I am thrilled to be joining forces with Marine Accessories Corporation," said Box. "The combination will provide our company with substantial financial resources to expand the business and to better serve our customer base."

"This acquisition provides MAC a significant presence in the aluminum boat tower niche," said Wilson. "I have known Todd for many years and I am personally very excited to be working with him to take Great Lakes Boat Tower to the next level."

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MORE PRESS RELEASES
February 13, 2001
New VP to Head Marine Accessories Corporation's Tower Business.
November 6, 2000
Great Lakes Boat Tower Company Opens New Production Facility.
September 19, 2000
Ex-Boston Whaler execs take helm of Marine Accessories Corporation.
May 16, 2000
Marine Accessories Corporation subsidiary acquires Fentress Marine.
July 1, 2000
Marine Accessories Corporation Subsidiary Acquires Assets of The Boatswain's Locker, Inc.
May 28, 1999
Great Lakes Boat Top Co. merges with Marine Accessories Corporation.
October 5, 1998
Westland Industries, Inc. Merges with Marine Accessories Corporation.