Livorsi Marine acquired by Compx Marine
GRAYSLAKE, Ill. – Livorsi Marine, Inc., a manufacturer of marine instrumentation, throttles and controls, specialty hardware and custom components since 1988, has been acquired by CompX Marine, Inc., headquartered in Mauldin, S.C., CompX reported in a statement today.
The acquisition includes Livorsi’s 20,000-plus-foot manufacturing facility and marine product line, which is standard equipment for boat manufacturers such as Formula, Baja, Fountain, Cigarette, Donzi, Nor-Tech, Outer Limits, and Eliminator.
Mike Livorsi will continue as the president of the company along with Ed Mannion, vice president of operations. Manufacturing will remain at its current location in Grayslake, Illinois.
The Livorsi purchase is the second marine industry acquisition for CompX in the past twelve months. In August 2005, CompX acquired Custom Marine, Inc. of Neenah Wisconsin, a supplier of custom fabricated stainless steel marine exhaust systems to Mercury Racing and other high performance boat builders nationwide.
“We’re pleased to have Livorsi join our new marine division,” commented Scott James, president of CompX Marine, Inc. “Both CMI and Livorsi are leaders and innovators in their respective markets. We’re anxious to generate a manufacturing, operations and sales synergy that will benefit each company in the years to come. Our goal is to concentrate on manufacturing high-end marine components that will enhance the value, longevity and enjoyment for all our customers in the recreational boating industry.”
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