EGG HARBOR CITY, N.J. - EH Yachts, manufacturers of Egg Harbor Yachts, Davis Yachts, Predator and Topaz, has acquired International Power Boats, EH reported in a recent release.
The purchase of IPB adds high performance military and commercial vessels to the EH lineup and the company said the move continues its strategy of acquiring companies to offer the “industry's most complete range of power yachts.”
“IPB fits into the goals of EH Yachts to further our development and offerings across a wider range of markets,” said Bob Hazard, vice president and company spokesperson. “We will continue to manufacture boats under the IPB name and market them to both military and commercial customers.”
Dennis Fridmann, an industry veteran of IPB, will oversee the manufacturing and sales of the IPB division from the EH Yachts facility, EH said.
- For more of the latest news, click here.