EH Yachts acquires Avanti Powerboats
EGG HARBOR CITY, N.J. – EH Yachts, manufacturers of Egg Harbor Yachts, Davis Yachts, Predator and Topaz, has acquired Avanti Powerboats, the company recently reported.
With the purchase of Avanti, EH adds high performance powerboats to its now five-fleet lineup and allows it to diversify from the sportfishers that have dominated its production lines.
Avanti Powerboats has been manufacturing pleasure craft and fish boats for over 20 years. At present, the available sizes are 22, 26, 27, 33 and 39 feet.
“Like our previous acquisitions, this is a new direction for our company; however, one that fits perfectly into our overall business plan to diversify our offerings,” said Dr. Ira Trocki, owner of EH Yachts. “We have the facility, workers and knowledge to build tough, high performing offshore boats.”
The acquisition is the latest in the buying strategy of Trocki, who purchased Egg Harbor Yachts in 1999, and since has aggressively expanded the company lines.
In 2001, Predator yachts was purchased, followed closely by the Davis Line of Sportfishers in 2003. Most recently, Topaz Boats was purchased in October of 2005.
Along with the recent addition of the new yacht companies, EH Yachts has added 25 additional employees to its newly expanded manufacturing facility.
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