Correct Craft acquires transmission company

Correct Craft announced its newest acquisition, Velvet Drive Transmissions. Velvet Drive will be vertically integrated into Correct Craft’s engine company, Pleasurecraft Engine Group.
 
Velvet Drive manufactures marine transmissions and offers a variety of custom gearing for specialized industrial equipment in Liberty, South Carolina. Velvet Drive, now a part of Pleasurecraft Engine Group, will remain in Liberty and Correct Craft has no plans to change the company’s management.
 
Pleasurecraft Engine Group President Mark McKinney stated, “We are excited to welcome the Velvet Drive team into our Pleasurecraft Engine Group family.” McKinney added, “Velvet Drive has a 65-year reputation of making the highest quality marine transmissions and industrial equipment in the world and we are excited to build on that foundation and take their products to new heights.”
 
Correct Craft President and CEO Bill Yeargin stated, “Adding Velvet Drive to our growing family is exciting and will provide our Pleasurecraft Engine Group team with resources to grow in many different ways.” Yeargin added, “We have had a great relationship with Velvet Drive for over 40 years and are excited to now have them as a part of our Correct Craft family.”

One comment

  1. VD best most trouble free marine transmission on the market. No dog clutch or slip prone cone clutch.

Leave a Reply to Bill Conlyn Cancel reply

Your email address will not be published. Required fields are marked *

*